TFS Financial (NASDAQ:TFSL) Sets New 52-Week High – Here’s Why

Shares of TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high during trading on Tuesday . The company traded as high as $15.04 and last traded at $14.97, with a volume of 726500 shares trading hands. The stock had previously closed at $14.92.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TFSL. Piper Sandler began coverage on TFS Financial in a report on Friday, January 16th. They issued a “neutral” rating and a $15.00 price target on the stock. Zacks Research raised TFS Financial to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

TFS Financial Price Performance

The business has a fifty day moving average price of $14.07 and a 200 day moving average price of $13.65. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 46.78 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. On average, research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Tuesday, December 2nd. TFS Financial’s dividend payout ratio (DPR) is currently 353.13%.

Insider Transactions at TFS Financial

In other TFS Financial news, Director Ashley H. Williams sold 7,600 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.66, for a total value of $103,816.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew J. Rubino sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were 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. This trade represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,600 shares of company stock valued at $821,626 over the last three months. 0.72% of the stock is owned by company insiders.

Institutional Trading of TFS Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in shares of TFS Financial in the third quarter valued at $27,000. Comerica Bank grew its holdings in shares of TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares during the last quarter. Danske Bank A S acquired a new stake in shares of TFS Financial during the third quarter worth $47,000. Elevation Wealth Partners LLC purchased a new stake in shares of TFS Financial during the fourth quarter valued at $49,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of TFS Financial by 913.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock valued at $68,000 after purchasing an additional 4,731 shares during the period. 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.