TFS Financial (NASDAQ:TFSL) Reaches New 52-Week High – Still a Buy?

TFS Financial Corporation (NASDAQ:TFSL) shares hit a new 52-week high on Tuesday . The stock traded as high as $17.99 and last traded at $17.8850, with a volume of 114 shares. The stock had previously closed at $17.87.

Analysts Set New Price Targets

Several equities analysts have commented on TFSL shares. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. 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 research report on Monday, May 4th. Piper Sandler boosted their price objective on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TFS Financial has a consensus rating of “Hold” and a consensus target price of $15.50.

TFS Financial Trading Down 0.3%

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 business’s 50-day moving average is $16.13 and its two-hundred day moving average is $14.89. The stock has a market capitalization of $5.00 billion, a PE ratio of 54.07 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The firm had revenue of $85.24 million during the quarter, compared to analysts’ expectations of $84.70 million. As a group, equities research analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 6.3%. TFS Financial’s dividend payout ratio (DPR) is 342.42%.

Insider Transactions at TFS Financial

In related news, insider Cathy W. Zbanek sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $15.26, for a total value of $152,600.00. Following the sale, the insider owned 61,101 shares in the company, valued at $932,401.26. This represents a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel F. Weir bought 7,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $15.85 per share, for a total transaction of $110,950.00. Following the completion of the transaction, the director owned 49,943 shares of the company’s stock, valued at $791,596.55. This represents a 16.30% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 35,000 shares of company stock worth $529,200 and sold 38,777 shares worth $595,709. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of TFS Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gator Capital Management LLC acquired a new position in TFS Financial in the 4th quarter valued at about $6,290,000. Lakewood Capital Management LP lifted its stake in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after buying an additional 420,000 shares during the period. Norges Bank acquired a new stake in TFS Financial during the fourth quarter worth approximately $5,248,000. State Street Corp grew its stake in TFS Financial by 24.6% in the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after acquiring an additional 387,992 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in TFS Financial by 23.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after acquiring an additional 352,093 shares during the last quarter. 9.81% of the stock is currently owned by hedge funds and other 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.