TFS Financial (NASDAQ:TFSL) Stock Gets Price Target Trim from Piper Sandler

TFS Financial (NASDAQ:TFSL) had its price target cut by Piper Sandler from $18.50 to $18.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

TFSL has been the subject of a number of other reports. Weiss Ratings upgraded TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 price target (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

TFS Financial Trading Up 1.6%

Shares of NASDAQ:TFSL opened at $16.71 on Monday. The company has a 50 day moving average of $16.75 and a 200-day moving average of $15.98. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97. The firm has a market cap of $4.69 billion, a P/E ratio of 46.42 and a beta of 0.71. TFS Financial has a twelve month low of $13.20 and a twelve month high of $19.49.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, October 29th. The bank reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. TFS Financial had a net margin of 12.00% and a return on equity of 5.23%. The business had revenue of $93.53 million for the quarter, compared to analyst estimates of $90.22 million. As a group, analysts anticipate that TFS Financial will post 0.38 earnings per share for the current fiscal year.

TFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were paid a $0.3175 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.27 annualized dividend and a dividend yield of 7.6%. This is an increase from TFS Financial’s previous quarterly dividend of $0.2825. TFS Financial’s dividend payout ratio is presently 352.78%.

Insider Activity at TFS Financial

In related news, insider Bradley Stefanski sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the sale, the insider directly owned 38,720 shares in the company, valued at $655,916.80. The trade was a 20.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by insiders.

Institutional Trading of TFS Financial

A number of large investors have recently added to or reduced their stakes in TFSL. Beverly Hills Private Wealth LLC increased its stake in TFS Financial by 4.6% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 391,245 shares of the bank’s stock worth $6,338,000 after purchasing an additional 17,059 shares in the last quarter. Ethic Inc. raised its holdings in TFS Financial by 16.1% during the 3rd quarter. Ethic Inc. now owns 51,658 shares of the bank’s stock worth $837,000 after buying an additional 7,151 shares during the period. Vise Technologies Inc. raised its holdings in TFS Financial by 6.0% during the 3rd quarter. Vise Technologies Inc. now owns 10,750 shares of the bank’s stock worth $174,000 after buying an additional 607 shares during the period. Investment Partners LTD. purchased a new stake in TFS Financial during the third quarter valued at about $221,000. Finally, Inspire Investing LLC lifted its stake in TFS Financial by 2.7% during the third quarter. Inspire Investing LLC now owns 39,423 shares of the bank’s stock valued at $639,000 after buying an additional 1,028 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Company Profile

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Founded in 1938, Third Federal provides banking and lending services to consumers, with a primary focus on residential real estate finance.

The company offers deposit products such as savings and checking accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgage loans, home equity loans and lines of credit, and other consumer-focused financing products.