TFS Financial (NASDAQ:TFSL) Issues Quarterly Earnings Results

TFS Financial (NASDAQ:TFSL) released its earnings results on Thursday. The bank reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%.

TFS Financial Price Performance

TFSL traded up $0.55 during trading on Thursday, reaching $14.69. The company’s stock had a trading volume of 815,436 shares, compared to its average volume of 578,786. TFS Financial has a 1 year low of $11.29 and a 1 year high of $14.73. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 45.91 and a beta of 0.73. The firm has a fifty day simple moving average of $14.02 and a two-hundred day simple moving average of $13.56. The company has a quick ratio of 1.53, a current ratio of 1.54 and a debt-to-equity ratio of 2.57.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 dividend on an annualized basis and a yield of 7.7%. TFS Financial’s payout ratio is presently 353.13%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Piper Sandler began coverage on TFS Financial in a research note on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.00.

Insiders Place Their Bets

In other news, insider Cathy W. Zbanek sold 20,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $14.13, for a total transaction of $282,600.00. Following the completion of the transaction, the insider directly owned 53,197 shares in the company, valued at approximately $751,673.61. This represents a 27.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Meredith S. Weil sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total transaction of $207,750.00. Following the completion of the transaction, the chief financial officer directly owned 48,527 shares of the company’s stock, valued at approximately $672,098.95. The trade was a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 47,600 shares of company stock valued at $665,316. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TFS Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Danske Bank A S purchased a new position in TFS Financial in the 3rd quarter valued at $47,000. Tower Research Capital LLC TRC boosted its position in shares of TFS Financial by 913.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock worth $68,000 after buying an additional 4,731 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of TFS Financial in the third quarter valued at about $74,000. Aquatic Capital Management LLC acquired a new stake in TFS Financial during the 3rd quarter valued at $112,000. Finally, M&T Bank Corp acquired a new stake in shares of TFS Financial during the second quarter valued at $132,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

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.