Piper Sandler Forecasts Strong Price Appreciation for TFS Financial (NASDAQ:TFSL) Stock

TFS Financial (NASDAQ:TFSL) had its target price hoisted by stock analysts at Piper Sandler from $15.00 to $16.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective would indicate a potential upside of 5.17% from the company’s current price.

TFSL has been the topic of a number of other reports. Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Zacks Research upgraded TFS Financial to a “hold” rating in a report on Monday, January 19th. Finally, Keefe, Bruyette & Woods increased their target price on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.50.

TFS Financial Trading Up 1.2%

Shares of TFS Financial stock traded up $0.18 on Monday, reaching $15.21. 169,255 shares of the company’s stock were exchanged, compared to its average volume of 731,875. The company has a market capitalization of $4.27 billion, a P/E ratio of 46.11 and a beta of 0.70. TFS Financial has a 52 week low of $12.53 and a 52 week high of $15.58. The firm’s 50-day moving average is $14.23 and its two-hundred day moving average is $14.08. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial had a return on equity of 4.91% and a net margin of 11.42%.The company had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $84.70 million. Sell-side analysts predict that TFS Financial will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, CFO Meredith S. Weil sold 15,000 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $14.95, for a total transaction of $224,250.00. Following the transaction, the chief financial officer directly owned 52,236 shares in the company, valued at approximately $780,928.20. This trade represents a 22.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony J. Asher acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $13.37 per share, for a total transaction of $66,850.00. Following the completion of the purchase, the director owned 49,314 shares in the company, valued at approximately $659,328.18. This represents a 11.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 78,000 shares of company stock worth $1,164,986. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TFS Financial

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC bought a new stake in shares of TFS Financial during the 3rd quarter worth $27,000. Empowered Funds LLC bought a new stake in shares of TFS Financial during the 4th quarter worth $28,000. Comerica Bank raised its stake in shares of TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares during the period. Danske Bank A S bought a new stake in shares of TFS Financial during the 3rd quarter worth $47,000. Finally, Elevation Wealth Partners LLC bought a new stake in shares of TFS Financial during the 4th quarter worth $49,000. 9.81% of the stock is currently owned by 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.