TFS Financial (NASDAQ:TFSL) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

TFS Financial (NASDAQ:TFSL) announced its quarterly earnings results on Thursday. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), Zacks reports. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%.

TFS Financial Stock Up 3.9%

NASDAQ:TFSL traded up $0.55 during trading hours on Thursday, hitting $14.69. 815,436 shares of the stock traded hands, compared to its average volume of 578,786. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 45.91 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 2.57. The firm has a 50 day moving average price of $14.02 and a 200 day moving average price of $13.56. TFS Financial has a fifty-two week low of $11.29 and a fifty-two week high of $14.73.

TFS Financial Announces Dividend

The company 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 annualized dividend and a yield of 7.7%. The ex-dividend date was Tuesday, December 2nd. TFS Financial’s payout ratio is presently 353.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TFSL shares. Zacks Research upgraded TFS Financial to a “hold” rating in a research note on Monday, January 19th. Piper Sandler started coverage on TFS Financial in a research note on Friday, January 16th. They issued a “neutral” rating and a $15.00 price target for the company. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.00.

Insider Transactions at TFS Financial

In other news, Director Ashley H. Williams sold 7,600 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $13.66, for a total value of $103,816.00. Following the completion of the sale, the director directly owned 16,510 shares in the company, valued at approximately $225,526.60. The trade was a 31.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total transaction of $207,750.00. Following the completion of the sale, the chief financial officer directly owned 48,527 shares of the company’s stock, valued at approximately $672,098.95. This trade represents a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,600 shares of company stock valued at $665,316 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Danske Bank A S bought a new position in TFS Financial during the 3rd quarter worth approximately $47,000. Verition Fund Management LLC grew its position in shares of TFS Financial by 185.0% in the third quarter. Verition Fund Management LLC now owns 51,857 shares of the bank’s stock valued at $683,000 after purchasing an additional 33,660 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of TFS Financial by 9.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 18,683 shares of the bank’s stock worth $246,000 after purchasing an additional 1,561 shares during the period. Millennium Management LLC raised its position in shares of TFS Financial by 68.5% in the 3rd quarter. Millennium Management LLC now owns 108,628 shares of the bank’s stock valued at $1,431,000 after buying an additional 44,171 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in TFS Financial by 28.0% in the third 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 in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

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.