TFS Financial (NASDAQ:TFSL) Hits New 1-Year High on Insider Buying Activity

TFS Financial Corporation (NASDAQ:TFSL)’s stock price reached a new 52-week high during trading on Monday following insider buying activity. The company traded as high as $15.59 and last traded at $15.4650, with a volume of 191244 shares changing hands. The stock had previously closed at $15.31.

Specifically, Director Daniel F. Weir acquired 7,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $105,140.00. Following the acquisition, the director directly owned 42,943 shares of the company’s stock, valued at $645,003.86. This represents a 19.48% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel F. Weir acquired 21,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of $14.91 per share, with a total value of $313,110.00. Following the transaction, the director directly owned 51,043 shares in the company, valued at approximately $761,051.13. This trade represents a 69.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

TFSL has been the subject of several analyst reports. Piper Sandler upped their target price 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 increased their price target on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. Finally, Zacks Research raised TFS Financial to a “hold” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.50.

TFS Financial Stock Performance

The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 46.90 and a beta of 0.70. The company has a 50 day moving average price of $14.36 and a 200 day moving average price of $14.20.

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

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Wednesday, March 11th. TFS Financial’s dividend payout ratio is 342.42%.

Institutional Trading of TFS Financial

Several hedge funds have recently bought and sold shares of the stock. Lakewood Capital Management LP raised its holdings in shares of TFS Financial by 19.9% during the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after acquiring an additional 420,000 shares in the last quarter. SG Americas Securities LLC raised its position in shares of TFS Financial by 253.0% in the 4th quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock valued at $749,000 after purchasing an additional 40,098 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in TFS Financial during the 3rd quarter worth approximately $498,000. Ameriprise Financial Inc. purchased a new position in TFS Financial in the second quarter valued at $156,000. Finally, Quantinno Capital Management LP lifted its holdings in TFS Financial by 114.4% during the second quarter. Quantinno Capital Management LP now owns 121,842 shares of the bank’s stock valued at $1,578,000 after purchasing an additional 65,017 shares in the last quarter. Institutional investors 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.