TFS Financial (NASDAQ:TFSL) Sets New 1-Year High – What’s Next?

Shares of TFS Financial Corporation (NASDAQ:TFSL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.83 and last traded at $16.8760, with a volume of 30866 shares. The stock had previously closed at $16.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TFSL. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Piper Sandler raised their price objective on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their price objective on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One investment 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, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

TFS Financial Price Performance

The business has a fifty day moving average of $15.22 and a 200 day moving average of $14.50. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The firm has a market cap of $4.69 billion, a P/E ratio of 50.75 and a beta of 0.72.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $85.24 million during 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%. On average, sell-side analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.2825 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.8%. TFS Financial’s dividend payout ratio (DPR) is 342.42%.

Insider Activity at TFS Financial

In related news, Director Daniel F. Weir acquired 7,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $15.85 per share, for a total transaction of $110,950.00. Following the completion of the transaction, the director directly owned 49,943 shares of the company’s stock, valued at approximately $791,596.55. The trade was a 16.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cathy W. Zbanek sold 10,000 shares of TFS Financial stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $15.26, for a total transaction of $152,600.00. Following the completion of the sale, the insider owned 61,101 shares of the company’s stock, valued at approximately $932,401.26. The trade was a 14.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 35,000 shares of company stock valued at $529,200 and have sold 34,461 shares valued at $523,201. Insiders own 0.72% of the company’s stock.

Institutional Trading of TFS Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in shares of TFS Financial by 11.6% during the first quarter. Parallel Advisors LLC now owns 29,957 shares of the bank’s stock worth $421,000 after buying an additional 3,120 shares during the last quarter. Bank of America Corp DE grew its stake in shares of TFS Financial by 27.1% during 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 last quarter. EverSource Wealth Advisors LLC grew its stake in shares of TFS Financial by 45.1% during 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 last quarter. Royal Bank of Canada grew its stake in shares of TFS Financial by 1,237.7% during 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 last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of TFS Financial by 11.3% during the first quarter. The Manufacturers Life Insurance Company now owns 14,245 shares of the bank’s stock worth $200,000 after buying an additional 1,451 shares during the last quarter. Institutional investors 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.