TFS Financial (NASDAQ:TFSL) Upgraded at StockNews.com

StockNews.com upgraded shares of TFS Financial (NASDAQ:TFSL) from a sell rating to a hold rating in a research report sent to investors on Monday.

A number of other analysts have also issued reports on the stock. Piper Sandler started coverage on shares of TFS Financial in a research note on Friday, February 23rd. They set a neutral rating and a $14.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $14.00 price objective (down previously from $15.00) on shares of TFS Financial in a report on Thursday, May 2nd.

TFS Financial Trading Up 0.1 %

Shares of TFSL traded up $0.02 during trading hours on Monday, hitting $13.40. The stock had a trading volume of 25,448 shares, compared to its average volume of 279,419. The firm has a market cap of $3.76 billion, a P/E ratio of 49.56 and a beta of 0.65. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.58 and a current ratio of 1.58. The company’s fifty day simple moving average is $12.46 and its 200 day simple moving average is $13.18. TFS Financial has a 12-month low of $10.97 and a 12-month high of $15.25.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. TFS Financial had a return on equity of 4.14% and a net margin of 11.08%. The company had revenue of $77.10 million for the quarter, compared to analyst estimates of $71.24 million.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.43%. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

Insider Buying and Selling at TFS Financial

In related news, insider Bradley T. Stefanski sold 6,269 shares of TFS Financial stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $12.76, for a total value of $79,992.44. Following the completion of the transaction, the insider now directly owns 51,709 shares in the company, valued at $659,806.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Bradley T. Stefanski sold 6,269 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.76, for a total value of $79,992.44. Following the transaction, the insider now directly owns 51,709 shares in the company, valued at approximately $659,806.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bradley T. Stefanski sold 3,750 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $13.22, for a total transaction of $49,575.00. Following the sale, the insider now directly owns 47,959 shares of the company’s stock, valued at approximately $634,017.98. The disclosure for this sale can be found here. Insiders have sold 26,868 shares of company stock worth $349,584 in the last ninety days. 1.13% of the stock is owned by insiders.

Hedge Funds Weigh In On TFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of TFS Financial by 106.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock valued at $28,000 after buying an additional 965 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of TFS Financial by 585.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock worth $25,000 after acquiring an additional 1,715 shares during the period. Quent Capital LLC boosted its stake in TFS Financial by 228.8% during the 4th quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,430 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in TFS Financial by 65.0% during the first quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock worth $29,000 after acquiring an additional 917 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in TFS Financial in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.