TFS Financial (NASDAQ:TFSL) Receives New $19.00 Price Target at Piper Sandler
TFS Financial (NASDAQ:TFSL – Get a rating) saw its target price drop by Piper Sandler stock analysts to $19.00 in a note issued to investors on Thursday, Target Stock Advisor reports. Piper Sandler’s price target would indicate a potential upside of 47.17% from the current stock price.
Separately, StockNews.com upgraded TFS Financial from a “sell” rating to a “hold” rating in a Saturday July 30 research note.
Performance of TFS financial stocks
Shares of NASDAQ:TFSL traded down $0.47 during Thursday’s midday session, hitting $12.91. 7,713 shares of the company were traded, against an average volume of 255,336. The company’s 50-day moving average price is $14.41 and its 200-day moving average price is $14.68. The company has a market capitalization of $3.62 billion, a PE ratio of 53.79 and a beta of 0.49. The company has a debt ratio of 2.34, a current ratio of 1.55 and a quick ratio of 1.55. TFS Financial has a 52-week low of $12.81 and a 52-week high of $20.50.
TFS Financial (NASDAQ:TFSL – Get a rating) last reported quarterly earnings data on Thursday, July 28. The bank reported earnings per share (EPS) of $0.06 for the quarter, beating consensus analyst estimates of $0.05 by $0.01. The company had revenue of $76.98 million in the quarter, versus a consensus estimate of $71.00 million. TFS Financial had a return on equity of 3.73% and a net margin of 16.11%. On average, stock analysts expect TFS Financial to post EPS of 0.26 for the current fiscal year.
Insider Trading at TFS Financial
Separately, Chief Financial Officer Timothy W. Mulhern sold 3,482 shares of the company in a trade that took place on Wednesday, September 14. The stock was sold at an average price of $13.73, for a total transaction of $47,807.86. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. In other news, Director Martin J. Cohen sold 6,300 shares of the company in a trade that took place on Monday, August 22. The stock was sold at an average price of $14.92, for a total transaction of $93,996.00. Following the sale, the director now directly owns 19,200 shares of the company, valued at approximately $286,464. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Chief Financial Officer Timothy W. Mulhern sold 3,482 shares in a trade on Wednesday, September 14. The shares were sold at an average price of $13.73, for a total value of $47,807.86. Disclosure of this sale can be found here. Insiders own 1.34% of the shares of the company.
TFS Financial Institutional Trading
Hedge funds and other institutional investors have recently been buying and selling stocks. Quadrant Capital Group LLC increased its stake in TFS Financial by 181.6% during the 1st quarter. Quadrant Capital Group LLC now owns 2,008 shares of the bank valued at $33,000 after purchasing an additional 1,295 shares during the period. Lindbrook Capital LLC increased its stake in TFS Financial by 1,092.2% during the 1st quarter. Lindbrook Capital LLC now owns 2,897 shares of the bank valued at $48,000 after purchasing an additional 2,654 shares during the period. UBS Group AG increased its stake in TFS Financial by 42.3% in the second quarter. UBS Group AG now owns 4,509 shares in the bank worth $62,000 after purchasing an additional 1,340 shares during the period. Parallel Advisors LLC increased its stake in TFS Financial by 43.6% in the first quarter. Parallel Advisors LLC now owns 5,342 shares of the bank worth $90,000 after purchasing an additional 1,621 shares during the period. Finally, Signaturefd LLC increased its stake in TFS Financial by 156.3% in the first quarter. Signaturefd LLC now owns 6,026 shares of the bank worth $100,000 after purchasing an additional 3,675 shares during the period. Hedge funds and other institutional investors own 8.99% of the company’s shares.
TFS Financial Company Profile
TFS Financial Corporation, through its subsidiaries, provides retail banking services in the United States. Its deposit products include savings, money market, checking, individual retirement and other qualified plan accounts, as well as certificates of deposit. The Company also offers residential real estate mortgages, home construction loans, home equity loans and lines of credit, as well as purchase mortgages and senior mortgage refinancing loans.
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