TFS Financial (NASDAQ:TFSL) Hits New 1-Year High – Here’s Why

TFS Financial Corporation (NASDAQ:TFSL) shares reached a new 52-week high on Thursday . The company traded as high as $18.12 and last traded at $18.1970, with a volume of 26546 shares. The stock had previously closed at $17.86.

Analysts Set New Price Targets

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

TFS Financial Stock Down 0.9%

The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $5.13 billion, a P/E ratio of 55.40 and a beta of 0.70. The stock’s fifty day moving average is $16.64 and its two-hundred day moving average is $15.11.

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

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.2%. TFS Financial’s payout ratio is 342.42%.

Insider Buying and Selling

In other news, Director Daniel F. Weir acquired 7,000 shares of TFS Financial stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $15.85 per share, with a total value of $110,950.00. Following the completion of the purchase, the director owned 49,943 shares of the company’s stock, valued at $791,596.55. This represents a 16.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Meredith S. Weil sold 4,316 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $16.80, for a total transaction of $72,508.80. Following the completion of the transaction, the chief financial officer owned 38,480 shares of the company’s stock, valued at approximately $646,464. The trade was a 10.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 35,000 shares of company stock valued at $529,200 and sold 38,777 shares valued at $595,709. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Several hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its stake in TFS Financial by 10.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,006 shares of the bank’s stock worth $301,000 after purchasing an additional 1,671 shares during the period. Parallel Advisors LLC lifted its holdings in shares of TFS Financial by 11.6% in the first quarter. Parallel Advisors LLC now owns 29,957 shares of the bank’s stock valued at $421,000 after purchasing an additional 3,120 shares in the last quarter. Bank of America Corp DE boosted its position in shares of TFS Financial by 27.1% in the first quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock worth $14,181,000 after buying an additional 215,491 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after buying an additional 841 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of TFS Financial by 1,237.7% in the first quarter. Royal Bank of Canada now owns 9,658 shares of the bank’s stock worth $136,000 after buying an additional 8,936 shares during the period. 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.