TFS Financial (NASDAQ:TFSL) Hits New 52-Week High – Here’s What Happened

TFS Financial Corporation (NASDAQ:TFSL) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $15.43 and last traded at $15.1670, with a volume of 208305 shares trading hands. The stock had previously closed at $15.04.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TFSL. Piper Sandler began coverage on shares of TFS Financial in a research note on Friday, January 16th. They set a “neutral” rating and a $15.00 target price for the company. Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research raised shares of TFS Financial to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.00.

TFS Financial Price Performance

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 firm has a fifty day moving average of $14.23 and a two-hundred day moving average of $14.08. The stock has a market capitalization of $4.22 billion, a P/E ratio of 45.55 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 for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $85.24 million during the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a return on equity of 4.91% and a net margin of 11.42%. On average, analysts predict that TFS Financial Corporation will post 0.33 EPS for the current year.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Wednesday, March 11th. TFS Financial’s payout ratio is presently 353.13%.

Insider Transactions at TFS Financial

In other TFS Financial news, insider Gavin B. Stefanski sold 7,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $14.97, for a total value of $104,790.00. Following the completion of the transaction, the insider directly owned 25,766 shares in the company, valued at approximately $385,717.02. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barbara J. Anderson sold 11,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $14.21, for a total transaction of $156,310.00. Following the completion of the transaction, the director owned 6,200 shares of the company’s stock, valued at $88,102. This represents a 63.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 78,000 shares of company stock valued at $1,164,986 over the last three months. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TFS Financial

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in TFS Financial by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,931,751 shares of the bank’s stock worth $39,227,000 after purchasing an additional 65,669 shares in the last quarter. Lakewood Capital Management LP raised its holdings in TFS Financial by 19.9% in the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after purchasing an additional 420,000 shares in the last quarter. State Street Corp raised its holdings in TFS Financial by 24.6% in the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after purchasing an additional 387,992 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in TFS Financial by 23.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock worth $25,011,000 after purchasing an additional 352,093 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TFS Financial by 5.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock worth $13,197,000 after purchasing an additional 52,350 shares in the last quarter. 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.