TFS Financial (NASDAQ:TFSL) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

TFS Financial Corporation (NASDAQ:TFSL)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.03 and traded as high as $17.79. TFS Financial shares last traded at $17.69, with a volume of 678,979 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TFSL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. Piper Sandler boosted their target price on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their target price on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

TFS Financial Stock Up 3.2%

The firm’s 50-day moving average price is $16.51 and its 200 day moving average price is $15.06. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 55.88 and a beta of 0.70. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The firm had revenue of $85.24 million during the quarter, compared to the consensus estimate of $84.70 million. Sell-side analysts expect that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, June 10th. TFS Financial’s payout ratio is 342.42%.

Insider Buying and Selling

In other news, COO Andrew J. Rubino sold 6,600 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $15.18, for a total value of $100,188.00. Following the sale, the chief operating officer directly owned 21,310 shares in the company, valued at $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel F. Weir acquired 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the purchase, the director owned 51,043 shares of the company’s stock, valued at approximately $761,051.13. The trade was a 69.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders purchased 35,000 shares of company stock valued at $529,200 and sold 38,777 shares valued at $595,709. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TFS Financial

Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of TFS Financial in the fourth quarter valued at approximately $28,000. Comerica Bank boosted its position in TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Danske Bank A S purchased a new stake in TFS Financial in the 3rd quarter worth approximately $47,000. Finally, Elevation Wealth Partners LLC purchased a new stake in TFS Financial in the 4th quarter worth approximately $49,000. 9.81% of the stock is owned by institutional investors and hedge funds.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.