TFS Financial (NASDAQ:TFSL) Reaches New 12-Month High – Here’s Why

TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.04 and last traded at $14.97, with a volume of 726500 shares changing hands. The stock had previously closed at $14.92.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler initiated coverage on TFS Financial in a research report on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price for the company. Zacks Research upgraded TFS Financial to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TFS Financial presently has a consensus rating of “Hold” and an average price target of $15.00.

TFS Financial Stock Down 0.9%

The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $4.16 billion, a P/E ratio of 46.35 and a beta of 0.73. The stock’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $13.69.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $83.73 million during the quarter, compared to analyst estimates of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. As a group, research analysts predict that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were given a $0.2825 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a dividend yield of 7.6%. TFS Financial’s dividend payout ratio (DPR) is presently 353.13%.

Insiders Place Their Bets

In related news, CFO Meredith S. Weil sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $14.95, for a total transaction of $224,250.00. Following the sale, the chief financial officer directly owned 52,236 shares of the company’s stock, valued at approximately $780,928.20. This represents a 22.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Andrew J. Rubino sold 5,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $14.23, for a total value of $71,150.00. Following the transaction, the chief operating officer owned 19,126 shares in the company, valued at $272,162.98. This trade represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 58,600 shares of company stock worth $838,126. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Several institutional investors and hedge funds have recently bought and sold shares of TFSL. Quent Capital LLC bought a new position in TFS Financial in the third quarter worth about $27,000. Empowered Funds LLC acquired a new stake in shares of TFS Financial during the 4th quarter worth approximately $28,000. Comerica Bank lifted its holdings in shares of TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares during the last quarter. Danske Bank A S acquired a new position in TFS Financial during the 3rd quarter valued at approximately $47,000. Finally, Elevation Wealth Partners LLC bought a new position in TFS Financial during the 4th quarter worth $49,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Company Profile

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.