TFS Financial (NASDAQ:TFSL) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of TFS Financial (NASDAQ:TFSL) from a sell rating to a hold rating in a research report released on Saturday morning.

Other equities research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. Piper Sandler increased their target price on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods increased their target price on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.50.

TFS Financial Stock Performance

TFSL opened at $15.31 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 46.40 and a beta of 0.70. TFS Financial has a 52-week low of $12.53 and a 52-week high of $15.58. The firm’s fifty day simple moving average is $14.36 and its two-hundred day simple moving average is $14.20.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. Equities analysts anticipate that TFS Financial will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.2825 per share. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.4%. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Insider Buying and Selling at TFS Financial

In related news, Director Daniel F. Weir purchased 7,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $15.02 per share, for a total transaction of $105,140.00. Following the completion of the transaction, the director directly owned 42,943 shares in the company, valued at approximately $645,003.86. The trade was a 19.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gavin B. Stefanski sold 7,000 shares of TFS Financial stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $14.97, for a total transaction of $104,790.00. Following the sale, the insider owned 25,766 shares of the company’s stock, valued at approximately $385,717.02. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 33,000 shares of company stock valued at $485,100 and sold 64,200 shares valued at $967,161. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TFSL. Quent Capital LLC purchased a new position in TFS Financial in the third quarter worth approximately $27,000. Empowered Funds LLC acquired a new stake in TFS Financial during the fourth quarter worth approximately $28,000. Comerica Bank raised its holdings 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 purchasing an additional 1,773 shares in the last quarter. Danske Bank A S acquired a new stake in TFS Financial during the third quarter worth approximately $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in TFS Financial during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

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.