TFS Financial (NASDAQ:TFSL) cut to sell on StockNews.com

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TFS Financial (NASDAQ: TFSL – Get an Assessment) was downgraded by StockNews.com equity research analysts from a “hold” rating to a “sell” rating in a note released Friday to investors.

Financial price performance of TFS

Shares of TFS Financial were up $0.11 in Friday trading, hitting $13.97. The stock recorded a trading volume of 242,267 shares, compared to an average volume of 268,576. The company has a market capitalization of $3.92 billion, a price-earnings ratio of 58.21 and a beta of 0. .48. TFS Financial has a 12-month low of $12.81 and a 12-month high of $20.50. The company’s 50-day moving average is $13.99 and its 200-day moving average is $15.65. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt ratio of 1.98.

TFS Financial (NASDAQ:TFSL – Get Rating) last released its quarterly results on Thursday, April 28. The bank reported earnings per share of $0.06 for the quarter, beating the consensus estimate of $0.05 by $0.01. The company posted revenue of $68.33 million for the quarter, compared to $66.10 million expected by analysts. TFS Financial had a net margin of 15.97% and a return on equity of 3.75%. As a group, sell-side analysts expect TFS Financial to post earnings per share of 0.24 for the current year.

Insider Trading at TFS Financial

In other news from TFS Financial, Director Martin J. Cohen acquired 5,000 shares in a trade dated Friday, May 6. The shares were purchased at an average cost of $14.01 per share, for a total transaction of $70,050.00. Following the acquisition, the administrator now owns 84,289 shares of the company, valued at approximately $1,180,888.89. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink. Insiders of the company own 1.34% of the shares of the company.

Institutional investors weigh in on TFS Financial

A number of hedge funds have recently changed their positions in the business. Hennion & Walsh Asset Management Inc. increased its stake in shares of TFS Financial by 27.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 50,811 shares of the bank valued at $698,000 after purchasing an additional 10,885 shares during the period. Amalgamated Bank purchased a new stake in shares of TFS Financial during the first quarter valued at approximately $143,000. Mirae Asset Global Investments Co. Ltd. increased its stake in TFS Financial shares by 21.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 805,848 shares of the bank valued at $13,377,000 after purchasing an additional 143,256 shares during the period. BNP Paribas Arbitrage SA increased its stake in TFS Financial shares by 49.2% during the first quarter. BNP Paribas Arbitrage SA now owns 15,228 shares in the bank valued at $253,000 after purchasing an additional 5,021 shares during the period. Finally, Eaton Vance Management increased its equity stake in TFS Financial by 6,114.0% during the first quarter. Eaton Vance Management now owns 24,918 shares of the bank valued at $414,000 after purchasing an additional 24,517 shares during the period. 8.82% of the shares are currently held by institutional investors.

About TFS Financial

(Get a rating)

TFS Financial Corporation, through its subsidiaries, provides retail banking services in the United States. Its deposit products include savings, money market, chequing, individual retirement and other eligible plan accounts, and 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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