TFS Financial (NASDAQ:TFSL) Reaches New 12-Month High – Here’s What Happened

TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.88 and last traded at $14.7470, with a volume of 109394 shares. The stock had previously closed at $14.43.

Analyst Ratings Changes

TFSL has been the topic of several research analyst reports. Zacks Research raised TFS Financial to a “hold” rating in a research report on Monday, January 19th. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Finally, Piper Sandler assumed coverage on shares of TFS Financial in a research note on Friday, January 16th. They set a “neutral” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.00.

TFS Financial Stock Performance

The stock has a market cap of $4.13 billion, a PE ratio of 45.99 and a beta of 0.73. The firm’s 50-day moving average is $14.03 and its 200 day moving average is $13.60. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.53 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.80%. The business had revenue of $83.73 million during the quarter, compared to analyst estimates of $84.97 million. As a group, research analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Tuesday, December 2nd. TFS Financial’s dividend payout ratio (DPR) is presently 353.13%.

Insider Buying and Selling

In related news, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total value of $207,750.00. Following the transaction, the chief financial officer directly owned 48,527 shares in the company, valued at $672,098.95. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Andrew J. Rubino sold 5,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $14.23, for a total transaction of $71,150.00. Following the transaction, the chief operating officer owned 19,126 shares of the company’s stock, valued at approximately $272,162.98. The trade was a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 47,600 shares of company stock worth $665,316. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Lakewood Capital Management LP raised its holdings in TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after purchasing an additional 420,000 shares in the last quarter. Norges Bank acquired a new position in TFS Financial during the 2nd quarter worth approximately $5,220,000. Two Sigma Investments LP raised its stake in shares of TFS Financial by 289.6% during the 3rd quarter. Two Sigma Investments LP now owns 254,651 shares of the bank’s stock worth $3,355,000 after buying an additional 189,282 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of TFS Financial by 28.0% in the 3rd quarter. Bank of America Corp DE now owns 834,794 shares of the bank’s stock valued at $10,998,000 after buying an additional 182,810 shares during the period. Finally, UBS Group AG boosted its stake in shares of TFS Financial by 48.2% in the third quarter. UBS Group AG now owns 389,789 shares of the bank’s stock valued at $5,135,000 after buying an additional 126,782 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other 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.