TFS Financial (NASDAQ:TFSL) Hits New 12-Month High – What’s Next?

TFS Financial Corporation (NASDAQ:TFSL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.63 and last traded at $17.63, with a volume of 36440 shares changing hands. The stock had previously closed at $17.53.

Analyst Ratings Changes

TFSL has been the topic of several research analyst reports. Piper Sandler boosted their price target 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 price objective 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 downgraded TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.50.

TFS Financial Stock Performance

The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $5.01 billion, a PE ratio of 54.12 and a beta of 0.72. The stock’s 50 day moving average price is $15.94 and its two-hundred day moving average price is $14.80.

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

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Wednesday, June 10th. TFS Financial’s dividend payout ratio is currently 342.42%.

Insider Buying and Selling

In other news, Director Daniel F. Weir bought 7,000 shares of TFS Financial stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $15.85 per share, for a total transaction of $110,950.00. Following the acquisition, the director owned 49,943 shares in the company, valued at approximately $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Andrew J. Rubino sold 6,600 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $15.18, for a total transaction of $100,188.00. Following the sale, the chief operating officer directly owned 21,310 shares in the company, valued at $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 35,000 shares of company stock worth $529,200 and sold 38,777 shares worth $595,709. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in TFS Financial during the fourth quarter worth approximately $28,000. Comerica Bank raised its holdings in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after acquiring an additional 841 shares during the last quarter. Danske Bank A S purchased a new position in shares of TFS Financial during the 3rd quarter worth $47,000. Finally, Elevation Wealth Partners LLC purchased a new position in shares of TFS Financial during the 4th quarter worth $49,000. Institutional investors and hedge funds 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.