TFS Financial (NASDAQ:TFSL) Stock Gets Price Target Trim from Piper Sandler

TFS Financial (NASDAQ:TFSL) had its price target reduced by equities researchers at Piper Sandler from $18.50 to $18.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler‘s price objective would indicate a potential upside of 9.59% from the company’s current price.

Several other brokerages also recently weighed in on TFSL. Weiss Ratings upgraded shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, TFS Financial presently has a consensus rating of “Hold” and an average price target of $18.00.

TFS Financial Stock Performance

TFS Financial stock traded down $0.01 during trading hours on Monday, hitting $16.43. 330,414 shares of the stock traded hands, compared to its average volume of 807,853. The firm’s 50 day moving average price is $16.82 and its 200-day moving average price is $15.94. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 45.68 and a beta of 0.70. TFS Financial has a 1 year low of $13.20 and a 1 year high of $19.49.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Thursday, October 29th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. TFS Financial had a return on equity of 5.23% and a net margin of 12.00%. The firm had revenue of $93.53 million during the quarter, compared to analysts’ expectations of $90.22 million. As a group, equities analysts expect that TFS Financial will post 0.40 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bradley Stefanski sold 10,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $16.94, for a total value of $169,400.00. Following the sale, the insider owned 38,720 shares in the company, valued at approximately $655,916.80. The trade was a 20.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gavin Stefanski sold 6,500 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.35, for a total value of $119,275.00. Following the transaction, the insider directly owned 19,266 shares in the company, valued at approximately $353,531.10. The trade was a 25.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,100 shares of company stock valued at $299,475 over the last ninety days. Insiders own 0.72% of the company’s stock.

Institutional Trading of TFS Financial

Several hedge funds have recently made changes to their positions in TFSL. BlackRock Inc. acquired a new position in shares of TFS Financial in the second quarter worth $69,398,000. Lakewood Capital Management LP purchased a new stake in TFS Financial during the 2nd quarter worth about $36,687,000. Bank of New York Mellon Corp purchased a new stake in TFS Financial during the 2nd quarter worth about $33,176,000. Bank of America Corp DE acquired a new stake in TFS Financial in the 2nd quarter valued at about $15,616,000. Finally, Beverly Hills Private Wealth LLC acquired a new stake in TFS Financial in the 2nd quarter valued at about $6,631,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

About TFS Financial

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Founded in 1938, Third Federal provides banking and lending services to consumers, with a primary focus on residential real estate finance.

The company offers deposit products such as savings and checking accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgage loans, home equity loans and lines of credit, and other consumer-focused financing products.