TFS Financial Corp (TFSL)’s Trend Down, Especially After Forming a Bearish Multiple Bottom

January 19, 2018 - By Richard Conner

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.52, from 0.77 in 2017Q2. It increased, as 8 investors sold TFS Financial Corp shares while 26 reduced holdings. 9 funds opened positions while 35 raised stakes. 30.52 million shares or 1.38% less from 30.94 million shares in 2017Q2 were reported.
Glenmede Trust Na has invested 0% in TFS Financial Corp (NASDAQ:TFSL). Vanguard accumulated 5.31 million shares. 554 are owned by Us Bank De. Bank & Trust Of America De has 71,938 shares. Renaissance Tech Ltd Limited Liability Company stated it has 6.32M shares or 0.12% of all its holdings. Wealthtrust Fairport Ltd Liability Corp invested in 32,635 shares. Fmr Limited Liability Com has invested 0% of its portfolio in TFS Financial Corp (NASDAQ:TFSL). Bw Gestao De Investimentos Ltda has 24,510 shares. Greenleaf reported 1,326 shares stake. Wells Fargo Mn reported 28,419 shares. Deutsche State Bank Ag stated it has 0% in TFS Financial Corp (NASDAQ:TFSL). Stieven Advsrs Lp reported 1.34M shares or 4.1% of all its holdings. First Quadrant Ltd Partnership Ca has invested 0.03% in TFS Financial Corp (NASDAQ:TFSL). Advisory Net Ltd Liability Corporation invested 0% in TFS Financial Corp (NASDAQ:TFSL). Sei Invs Company has 0.01% invested in TFS Financial Corp (NASDAQ:TFSL) for 140,033 shares.

The stock of TFS Financial Corp (TFSL) shows a multiple bottoms pattern with $13.71 target or 8.00 % below today’s $14.90 share price. The 9 months chart pattern indicates high risk for the $4.11 billion company. It was reported on Jan, 19 by Finviz.com. If the $13.71 price target is reached, the company will be worth $328.88 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.34% or $0.05 during the last trading session, reaching $14.9. About 213,656 shares traded or 27.44% up from the average. TFS Financial Corp (NASDAQ:TFSL) has declined 10.86% since January 19, 2017 and is downtrending. It has underperformed by 27.56% the S&P500.

Analysts await TFS Financial Corp (NASDAQ:TFSL) to report earnings on January, 29. They expect $0.08 earnings per share, up 14.29 % or $0.01 from last year’s $0.07 per share. TFSL’s profit will be $22.07M for 46.56 P/E if the $0.08 EPS becomes a reality. After $0.08 actual earnings per share reported by TFS Financial Corp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

TFS Financial Corp (NASDAQ:TFSL) Ratings Coverage

Among 2 analysts covering TFS Financial Corp (NASDAQ:TFSL), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. TFS Financial Corp has $19 highest and $17.0 lowest target. $17.75’s average target is 19.13% above currents $14.9 stock price. TFS Financial Corp had 6 analyst reports since June 15, 2016 according to SRatingsIntel. The stock of TFS Financial Corp (NASDAQ:TFSL) has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The stock of TFS Financial Corp (NASDAQ:TFSL) has “Hold” rating given on Thursday, July 27 by Piper Jaffray. On Friday, August 19 the stock rating was downgraded by Piper Jaffray to “Neutral”. The rating was maintained by Keefe Bruyette & Woods on Friday, July 28 with “Hold”. Piper Jaffray maintained the shares of TFSL in report on Wednesday, June 15 with “Overweight” rating. The firm has “Hold” rating given on Friday, July 7 by Keefe Bruyette & Woods.

More notable recent TFS Financial Corp (NASDAQ:TFSL) news were published by: Seekingalpha.com which released: “Don’t Buy This Bank Stock” on June 06, 2017, also Nasdaq.com with their article: “TFS Financial Corporation (TFSL) Ex-Dividend Date Scheduled for March 02, 2017” published on March 01, 2017, Seekingalpha.com published: “TFS Financial – A Misunderstood Bank Cheaper Than It Appears” on August 15, 2017. More interesting news about TFS Financial Corp (NASDAQ:TFSL) were released by: Nasdaq.com and their article: “TFS Financial Corporation (TFSL) Ex-Dividend Date Scheduled for November 27, 2017” published on November 24, 2017 as well as Businesswire.com‘s news article titled: “TFS Financial Corporation Earnings Remain Strong as Housing Sector Continues …” with publication date: January 30, 2017.

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