TFS Financial (NASDAQ:TFSL) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of TFS Financial (NASDAQ:TFSL) in a research note published on Thursday, Benzinga reports. They currently have a $14.00 price objective on the bank’s stock, down from their prior price objective of $15.00.

Separately, Piper Sandler began coverage on TFS Financial in a research report on Friday, February 23rd. They issued a neutral rating and a $14.00 price objective on the stock.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL traded up $0.24 during trading on Thursday, hitting $13.28. 420,140 shares of the company were exchanged, compared to its average volume of 271,869. The company has a market cap of $3.73 billion, a PE ratio of 49.19 and a beta of 0.65. TFS Financial has a 52-week low of $10.97 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50 day moving average of $12.43 and a 200 day moving average of $13.07.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $71.24 million. TFS Financial had a return on equity of 4.15% and a net margin of 11.08%.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.51%. The ex-dividend date was Wednesday, March 6th. TFS Financial’s dividend payout ratio (DPR) is currently 418.52%.

Insider Transactions at TFS Financial

In other TFS Financial news, Director Daniel F. Weir sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total transaction of $135,450.00. Following the sale, the director now owns 14,305 shares in the company, valued at $184,534.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TFS Financial news, Director Daniel F. Weir sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $12.90, for a total transaction of $135,450.00. Following the transaction, the director now directly owns 14,305 shares in the company, valued at $184,534.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gavin B. Stefanski sold 3,449 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.74, for a total transaction of $43,940.26. Following the completion of the sale, the insider now owns 43,271 shares of the company’s stock, valued at $551,272.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,218 shares of company stock valued at $259,383. Insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in TFS Financial by 585.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock worth $25,000 after acquiring an additional 1,715 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of TFS Financial by 106.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after purchasing an additional 965 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in TFS Financial by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after buying an additional 917 shares during the last quarter. Quent Capital LLC boosted its position in TFS Financial by 228.8% during the 4th quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock valued at $30,000 after buying an additional 1,430 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in TFS Financial during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.