Analysts Expect TFS Financial Co. (NASDAQ:TFSL) to Announce $0.04 EPS
TFS Financial Co. (NASDAQ:TFSL) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. TFS Financial’s rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $19.00 for the company and are expecting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TFS Financial an industry rank of 195 out of 254 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on TFSL shares. Zacks Investment Research raised shares of TFS Financial from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, May 9th. BidaskClub cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Thursday, June 18th.
TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Monday, June 1st. The bank reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. TFS Financial had a net margin of 16.06% and a return on equity of 4.87%. As a group, analysts forecast that TFS Financial will post 0.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 9th were given a dividend of $0.28 per share. The ex-dividend date was Monday, June 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.06%. TFS Financial’s dividend payout ratio (DPR) is 400.00%.
In other TFS Financial news, Director Martin J. Cohen bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $14.08 per share, for a total transaction of $140,800.00. Following the transaction, the director now directly owns 19,500 shares of the company’s stock, valued at approximately $274,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.55% of the company’s stock.
Several large investors have recently made changes to their positions in TFSL. Bank of New York Mellon Corp lifted its position in shares of TFS Financial by 46.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,292,496 shares of the bank’s stock valued at $25,436,000 after buying an additional 410,956 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in TFS Financial in the 1st quarter valued at $4,656,000. Wells Fargo & Company MN lifted its holdings in TFS Financial by 69.5% in the 1st quarter. Wells Fargo & Company MN now owns 604,099 shares of the bank’s stock valued at $9,224,000 after purchasing an additional 247,642 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in TFS Financial by 691.2% in the 4th quarter. Point72 Asset Management L.P. now owns 134,500 shares of the bank’s stock valued at $2,647,000 after purchasing an additional 117,500 shares in the last quarter. Finally, PARK CIRCLE Co lifted its holdings in TFS Financial by 101.8% in the 1st quarter. PARK CIRCLE Co now owns 111,000 shares of the bank’s stock valued at $1,695,000 after purchasing an additional 56,000 shares in the last quarter. Hedge funds and other institutional investors own 10.97% of the company’s stock.
About TFS Financial
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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