TFS Financial (NASDAQ:TFSL) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

TFSL has been the subject of a number of other research reports. Sandler O’Neill began coverage on shares of TFS Financial in a research report on Friday, September 21st. They set a “buy” rating and a $18.00 target price for the company. ValuEngine upgraded shares of TFS Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 16th.

Shares of NASDAQ TFSL opened at $16.23 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $4.46 billion, a PE ratio of 50.72 and a beta of 0.34. TFS Financial has a 1 year low of $14.19 and a 1 year high of $16.62.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $73.87 million during the quarter, compared to analysts’ expectations of $75.60 million. TFS Financial had a net margin of 18.38% and a return on equity of 5.19%. As a group, research analysts predict that TFS Financial will post 0.34 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC boosted its position in shares of TFS Financial by 1.6% during the second quarter. Segall Bryant & Hamill LLC now owns 202,295 shares of the bank’s stock worth $3,190,000 after acquiring an additional 3,235 shares during the last quarter. Stieven Capital Advisors L.P. lifted its position in TFS Financial by 0.3% during the third quarter. Stieven Capital Advisors L.P. now owns 1,546,021 shares of the bank’s stock valued at $23,206,000 after purchasing an additional 4,000 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in TFS Financial by 234.4% during the second quarter. PNC Financial Services Group Inc. now owns 8,010 shares of the bank’s stock valued at $125,000 after purchasing an additional 5,615 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in TFS Financial by 93.7% during the second quarter. BNP Paribas Arbitrage SA now owns 11,901 shares of the bank’s stock valued at $188,000 after purchasing an additional 5,758 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in TFS Financial by 0.4% during the second quarter. Brown Advisory Inc. now owns 1,786,738 shares of the bank’s stock valued at $28,177,000 after purchasing an additional 6,416 shares during the last quarter. Hedge funds and other institutional investors own 10.85% of the company’s stock.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings accounts, checking accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. The company 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.

See Also: Retained Earnings

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