Several other analysts have also issued reports on the stock. TheStreet upgraded shares of TFS Financial from a c+ rating to a b- rating in a report on Monday, June 3rd. Zacks Investment Research lowered shares of TFS Financial from a hold rating to a sell rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $18.00.
Shares of TFSL stock opened at $18.05 on Tuesday. The company’s 50-day moving average price is $17.76 and its 200-day moving average price is $17.34. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.24. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 56.41 and a beta of 0.18. TFS Financial has a twelve month low of $14.19 and a twelve month high of $18.61.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 5.98%. TFS Financial’s dividend payout ratio (DPR) is currently 337.50%.
In related news, Chairman Marc A. Stefanski sold 13,222 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $18.00, for a total value of $237,996.00. Following the sale, the chairman now directly owns 229,400 shares in the company, valued at approximately $4,129,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.78% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new stake in TFS Financial in the 2nd quarter valued at about $33,000. JPMorgan Chase & Co. increased its stake in TFS Financial by 26.9% during the second quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock worth $74,000 after purchasing an additional 879 shares during the period. BNP Paribas Arbitrage SA increased its stake in TFS Financial by 49.8% during the first quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock worth $89,000 after purchasing an additional 1,793 shares during the period. US Bancorp DE increased its stake in TFS Financial by 101.9% during the second quarter. US Bancorp DE now owns 8,936 shares of the bank’s stock worth $162,000 after purchasing an additional 4,510 shares during the period. Finally, ETF Managers Group LLC increased its stake in TFS Financial by 11.3% during the first quarter. ETF Managers Group LLC now owns 10,035 shares of the bank’s stock worth $165,000 after purchasing an additional 1,018 shares during the period. Hedge funds and other institutional investors own 14.33% of the company’s stock.
TFS Financial Company Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.
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