TFS Financial Co. (NASDAQ: TFSL – Get a rating) was the target of strong short-term interest growth in March. As of March 31, there were short interests totaling 1,130,000 shares, a growth of 39.4% from the total of 810,400 shares as of March 15. Based on an average daily volume of 216,500 shares, the day-to-cover ratio is currently 5.2 days. About 2.2% of the stock’s shares are sold short.
A number of research companies have weighed in on TFSL. Zacks Investment Research downgraded shares of TFS Financial from a “buy” rating to a “hold” rating in a Thursday, Dec. 30 research note. StockNews.com began covering TFS Financial shares in a research note on Thursday, March 31. They issued a “holding” rating on the stock.
TFSL Stock opened at $15.35 on Friday. The company has a market capitalization of $4.31 billion, a PE ratio of 59.04 and a beta of 0.42. The company has a debt ratio of 1.81, a quick ratio of 1.45 and a current ratio of 1.45. The company’s 50-day moving average price is $16.61 and its 200-day moving average price is $17.96. TFS Financial has a one-year low of $15.16 and a one-year high of $22.54.
Financial TSF (NASDAQ: TFSL – Get a rating) last released its quarterly results on Thursday, January 27. The bank reported EPS of $0.06 for the quarter. The company had revenue of $66.00 million for the quarter. TFS Financial posted a net margin of 17.12% and a return on equity of 4.18%. Equity research analysts expect TFS Financial to post EPS of 0.21 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 22. Shareholders of record on Tuesday, March 8 received a dividend of $0.2825 per share. This represents an annualized dividend of $1.13 and a dividend yield of 7.36%. The ex-dividend date was Monday, March 7. This is a positive change from TFS Financial’s previous quarterly dividend of $0.28. TFS Financial’s payout ratio is currently 434.63%.
Several hedge funds have recently increased or reduced their stakes in the company. Norges Bank purchased a new stake in shares of TFS Financial during Q4, valued at approximately $4,107,000. Virtu Financial LLC acquired a new stake in TFS Financial in Q4 worth approximately $182,000. Glenmede Trust Co. NA increased its stake in TFS Financial by 52.5% in the fourth quarter. Glenmede Trust Co. NA now owns 23,240 shares of the bank valued at $414,000 after buying an additional 8,000 shares in the last quarter. NEXT Financial Group Inc increased its stake in TFS Financial by 40.3% in the 4th quarter. NEXT Financial Group Inc now owns 14,534 shares of the bank valued at $260,000 after buying an additional 4,172 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in TFS Financial in Q4 valued at approximately $962,000. 8.91% of the shares are currently held by hedge funds and other 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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