TFS Financial (NASDAQ:TFSL) Hits New 1-Year High – Still a Buy?

Shares of TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high during trading on Thursday . The company traded as high as $18.12 and last traded at $18.1970, with a volume of 26546 shares trading hands. The stock had previously closed at $17.86.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Wednesday, June 24th. Wall Street Zen downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Piper Sandler increased their target price on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods raised their target price 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, TFS Financial presently has a consensus rating of “Hold” and a consensus price target of $15.50.

TFS Financial Stock Performance

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 company has a 50-day moving average price of $16.51 and a 200-day moving average price of $15.06. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 55.53 and a beta of 0.70.

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

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.2%. TFS Financial’s dividend payout ratio is presently 342.42%.

Insiders Place Their Bets

In related news, COO Andrew J. Rubino sold 6,600 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total value of $100,188.00. Following the completion of the sale, the chief operating officer owned 21,310 shares of the company’s stock, valued at $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Meredith S. Weil sold 13,756 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $14.91, for a total transaction of $205,101.96. Following the completion of the transaction, the chief financial officer owned 38,480 shares of the company’s stock, valued at $573,736.80. This represents a 26.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 35,000 shares of company stock valued at $529,200 and sold 38,777 shares valued at $595,709. Company insiders own 0.72% of the company’s stock.

Institutional Trading of TFS Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in shares of TFS Financial by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock valued at $113,000 after acquiring an additional 770 shares in the last quarter. Legal & General Group Plc raised its holdings in TFS Financial by 1.3% during the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after purchasing an additional 789 shares in 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 worth $38,000 after purchasing an additional 841 shares in the last quarter. Prasad Wealth Partners LLC raised its holdings in TFS Financial by 9.0% during the fourth quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock worth $158,000 after purchasing an additional 971 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its position in TFS Financial by 0.5% in the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after purchasing an additional 1,017 shares during the period. 9.81% of the stock is currently owned by institutional investors.

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.