Zacks: Brokerages Set $17.50 Price Target for TFS Financial Co. (TFSL)

Shares of TFS Financial Co. (NASDAQ:TFSL) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a 12-month consensus price objective of $17.50 for the company and are expecting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given TFS Financial an industry rank of 76 out of 256 based on the ratings given to its competitors.

Several equities research analysts have commented on TFSL shares. TheStreet lowered TFS Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, April 30th. BidaskClub lowered TFS Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Zacks Investment Research lowered TFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th.

Several large investors have recently made changes to their positions in the company. Strs Ohio lifted its position in shares of TFS Financial by 1.9% during the 1st quarter. Strs Ohio now owns 32,348 shares of the bank’s stock valued at $532,000 after buying an additional 618 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of TFS Financial by 11.3% during the 1st quarter. ETF Managers Group LLC now owns 10,035 shares of the bank’s stock valued at $165,000 after buying an additional 1,018 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of TFS Financial by 0.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 225,902 shares of the bank’s stock valued at $3,391,000 after buying an additional 1,324 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of TFS Financial by 503.6% during the 1st quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock valued at $28,000 after buying an additional 1,405 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of TFS Financial by 86.1% during the 1st quarter. Citigroup Inc. now owns 3,067 shares of the bank’s stock valued at $51,000 after buying an additional 1,419 shares in the last quarter. Hedge funds and other institutional investors own 11.87% of the company’s stock.

TFS Financial stock opened at $17.25 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.50 and a current ratio of 1.50. TFS Financial has a 12 month low of $14.19 and a 12 month high of $17.44. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 53.91 and a beta of 0.23.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. TFS Financial had a return on equity of 4.75% and a net margin of 17.07%. The business had revenue of $72.67 million for the quarter, compared to analyst estimates of $73.10 million. Sell-side analysts expect that TFS Financial will post 0.3 earnings per share for the current year.

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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