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TFS Financial (NASDAQ:TFSL) Downgraded by StockNews.com to "Sell"

Defense World ·  Jan 31, 2023 03:22

StockNews.com cut shares of TFS Financial (NASDAQ:TFSL – Get Rating) from a hold rating to a sell rating in a research note released on Monday morning.

TFS Financial Stock Down 2.4 %

TFSL opened at $14.10 on Monday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 48.62 and a beta of 0.49. TFS Financial has a one year low of $12.45 and a one year high of $17.49. The business's fifty day moving average is $14.26 and its two-hundred day moving average is $14.07.

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TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Tuesday, November 29th were given a dividend of $0.2825 per share. The ex-dividend date was Monday, November 28th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.01%. TFS Financial's payout ratio is currently 389.66%.

Insider Buying and Selling

In related news, Director Barbara J. Anderson sold 10,000 shares of TFS Financial stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $14.09, for a total value of $140,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara J. Anderson sold 10,000 shares of TFS Financial stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $14.09, for a total value of $140,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony J. Asher purchased 3,000 shares of TFS Financial stock in a transaction on Monday, November 28th. The shares were acquired at an average price of $13.51 per share, with a total value of $40,530.00. Following the transaction, the director now directly owns 61,207 shares in the company, valued at approximately $826,906.57. The disclosure for this purchase can be found here. Insiders own 1.21% of the company's stock.

Hedge Funds Weigh In On TFS Financial

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in TFS Financial during the third quarter valued at $32,000. Altshuler Shaham Ltd acquired a new stake in shares of TFS Financial in the third quarter worth about $45,000. UBS Group AG lifted its holdings in TFS Financial by 42.3% in the 2nd quarter. UBS Group AG now owns 4,509 shares of the bank's stock worth $62,000 after purchasing an additional 1,340 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of TFS Financial during the 3rd quarter worth $59,000. Finally, Royal Bank of Canada boosted its holdings in TFS Financial by 41.6% during the third quarter. Royal Bank of Canada now owns 4,663 shares of the bank's stock valued at $61,000 after acquiring an additional 1,370 shares during the period. Hedge funds and other institutional investors own 8.64% of the company's stock.

TFS Financial Company Profile

(Get Rating)

TFS Financial Corp. is a holding company, which engages in the provision of retail consumer banking services. It offers mortgage lending, deposit gathering, and other insignificant financial services. The company was founded in 1938 and is headquartered in Cleveland, OH.

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