NEW YORK ( TheStreet) -- TFS Financial Corporation (Nasdaq: TFSL) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at 4.4 times its average daily volume and trading up 18 cents (+2%) at $8.95 as of 10:04 a.m. ET.

TFS Financial has a market cap of $2.72 billion and is part of the financial sector and banking industry. Shares are down 2.3% year to date as of the close of trading on Thursday.

TFS Financial Corporation operates as the holding company for Third Federal Savings and Loan Association of Cleveland that provides retail consumer banking services in Ohio and Florida. The company has a P/E ratio of 293.7, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates TFS Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and weak operating cash flow. You can view the full TFS Financial Ratings Report.

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