TFS Financial (NASDAQ:TFSL) Rating Increased to Hold at Zacks Research

TFS Financial (NASDAQ:TFSL) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on TFSL. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Piper Sandler started coverage on TFS Financial in a report on Friday. They set a “neutral” rating and a $15.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, TFS Financial currently has an average rating of “Hold” and a consensus target price of $15.00.

TFS Financial Trading Down 0.4%

TFS Financial stock opened at $14.10 on Monday. TFS Financial has a 1 year low of $11.29 and a 1 year high of $14.73. The firm’s 50 day moving average price is $13.93 and its 200-day moving average price is $13.52. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.53. The stock has a market cap of $3.96 billion, a P/E ratio of 44.06 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $85.48 million during the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%. On average, equities analysts predict that TFS Financial will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total value of $207,750.00. Following the completion of the transaction, the chief financial officer owned 48,527 shares in the company, valued at approximately $672,098.95. The trade was a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ashley H. Williams sold 7,600 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $13.66, for a total value of $103,816.00. Following the sale, the director owned 16,510 shares in the company, valued at $225,526.60. The trade was a 31.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,600 shares of company stock valued at $665,316 over the last quarter. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

A number of large investors have recently made changes to their positions in TFSL. Legal & General Group Plc raised its holdings in TFS Financial by 1.3% in the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after purchasing an additional 789 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of TFS Financial by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock worth $256,000 after buying an additional 1,057 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of TFS Financial by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock worth $174,000 after acquiring an additional 1,147 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in TFS Financial by 5.9% during the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in TFS Financial by 9.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 18,683 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,561 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.