TFS Financial (NASDAQ:TFSL) Hits New 52-Week High – What’s Next?

TFS Financial Corporation (NASDAQ:TFSL)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $16.20 and last traded at $16.13, with a volume of 44466 shares. The stock had previously closed at $15.97.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TFSL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Piper Sandler increased their price target on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Keefe, Bruyette & Woods increased their price target on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, TFS Financial has an average rating of “Hold” and an average price target of $15.50.

TFS Financial Trading Down 0.7%

The stock has a market cap of $4.46 billion, a PE ratio of 48.15 and a beta of 0.70. 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’s 50-day moving average price is $14.70 and its 200 day moving average price is $14.33.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, meeting the consensus estimate 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 net margin of 11.42% and a return on equity of 4.89%. On average, sell-side analysts forecast that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel F. Weir purchased 7,000 shares of TFS Financial stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $15.02 per share, with a total value of $105,140.00. Following the transaction, the director owned 42,943 shares in the company, valued at $645,003.86. This represents a 19.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony J. Asher bought 5,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $13.37 per share, for a total transaction of $66,850.00. Following the transaction, the director owned 49,314 shares of the company’s stock, valued at $659,328.18. This trade represents a 11.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 33,000 shares of company stock worth $485,100 and have sold 30,356 shares worth $457,890. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFSL. Gator Capital Management LLC purchased a new stake in TFS Financial in the fourth quarter valued at approximately $6,290,000. Lakewood Capital Management LP raised its position in TFS Financial by 19.9% in the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after purchasing an additional 420,000 shares during the period. Norges Bank purchased a new stake in TFS Financial in the fourth quarter valued at approximately $5,248,000. State Street Corp raised its position in TFS Financial by 24.6% in the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after purchasing an additional 387,992 shares during the period. Finally, Bank of New York Mellon Corp raised its position in TFS Financial by 23.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after purchasing an additional 352,093 shares during the period. Hedge funds and other institutional investors own 9.81% of the company’s stock.

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.