TFS Financial (NASDAQ:TFSL) Sets New 52-Week High – Time to Buy?

TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.20 and last traded at $16.13, with a volume of 44466 shares changing hands. The stock had previously closed at $15.97.

Wall Street Analyst Weigh In

TFSL has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday. Piper Sandler raised 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, TFS Financial presently has a consensus rating of “Hold” and a consensus target price of $15.50.

TFS Financial Stock Up 0.3%

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 firm has a market cap of $4.49 billion, a PE ratio of 48.52 and a beta of 0.70. The business has a fifty day moving average price of $14.60 and a two-hundred day moving average price of $14.29.

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

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued 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 7.1%. TFS Financial’s payout ratio is currently 342.42%.

Insider Buying and Selling

In other news, Director Daniel F. Weir acquired 7,000 shares of TFS Financial stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $15.02 per share, with a total value of $105,140.00. Following the completion of the transaction, the director owned 42,943 shares in the company, valued at approximately $645,003.86. This trade represents a 19.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cathy W. Zbanek sold 10,000 shares of TFS Financial stock in a transaction on Monday, May 18th. The shares were sold at an average price of $15.26, for a total value of $152,600.00. Following the sale, the insider directly owned 61,101 shares of the company’s stock, valued at approximately $932,401.26. The trade was a 14.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 33,000 shares of company stock worth $485,100 and have sold 30,356 shares worth $457,890. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of TFS Financial

A number of institutional investors have recently bought and sold shares of TFSL. Empowered Funds LLC acquired a new stake in TFS Financial during the fourth quarter valued at $28,000. Comerica Bank boosted its position in TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after buying an additional 841 shares in the last quarter. Danske Bank A S acquired a new stake in shares of TFS Financial in the third quarter worth about $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in shares of TFS Financial in the fourth quarter worth about $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.