TFS Financial Co. (NASDAQ:TFSL) Sees Significant Increase in Short Interest

TFS Financial Co. (NASDAQ:TFSL) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 2,658,000 shares, an increase of 7.6% from the May 15th total of 2,469,400 shares. Based on an average daily volume of 154,400 shares, the short-interest ratio is currently 17.2 days. Approximately 5.2% of the shares of the stock are short sold.

A number of hedge funds and other institutional investors have recently made changes to their positions in TFSL. Morgan Stanley boosted its position in TFS Financial by 26.2% during the third quarter. Morgan Stanley now owns 246,106 shares of the bank’s stock worth $3,694,000 after acquiring an additional 51,074 shares during the last quarter. Rhumbline Advisers boosted its position in TFS Financial by 4.3% during the fourth quarter. Rhumbline Advisers now owns 44,328 shares of the bank’s stock worth $715,000 after acquiring an additional 1,842 shares during the last quarter. California Public Employees Retirement System boosted its position in TFS Financial by 15.2% during the fourth quarter. California Public Employees Retirement System now owns 130,505 shares of the bank’s stock worth $2,105,000 after acquiring an additional 17,255 shares during the last quarter. BlackRock Inc. boosted its position in TFS Financial by 3.4% during the fourth quarter. BlackRock Inc. now owns 2,615,094 shares of the bank’s stock worth $42,181,000 after acquiring an additional 86,470 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in TFS Financial by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 821,234 shares of the bank’s stock worth $13,246,000 after acquiring an additional 71,260 shares during the last quarter. Hedge funds and other institutional investors own 11.65% of the company’s stock.

A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. TheStreet cut shares of Viavi Solutions from a “b-” rating to a “c+” rating in a research note on Monday, June 3rd. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.00.

NASDAQ TFSL traded down $0.13 during mid-day trading on Friday, reaching $18.25. 174,659 shares of the stock were exchanged, compared to its average volume of 178,774. TFS Financial has a 1-year low of $14.19 and a 1-year high of $18.45. The firm’s fifty day simple moving average is $17.84. The firm has a market capitalization of $5.11 billion, a PE ratio of 57.03 and a beta of 0.22. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.50 and a quick ratio of 1.50.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. TFS Financial had a net margin of 17.07% and a return on equity of 4.75%. The firm had revenue of $72.67 million for the quarter, compared to analyst estimates of $73.10 million. On average, analysts forecast that TFS Financial will post 0.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 10th. This represents a $1.00 dividend on an annualized basis and a yield of 5.48%. TFS Financial’s dividend payout ratio (DPR) is currently 312.50%.

TFS Financial Company Profile

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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