TFS Financial (NASDAQ:TFSL) Reaches New 12-Month High – What’s Next?

TFS Financial Corporation (NASDAQ:TFSL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.99 and last traded at $17.8850, with a volume of 114 shares trading hands. The stock had previously closed at $17.87.

Wall Street Analysts Forecast Growth

TFSL has been the subject of several research analyst reports. Piper Sandler lifted their target price on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods raised their price target on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Wednesday, June 24th. Finally, Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One 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 stock currently has a consensus rating of “Hold” and an average price target of $15.50.

TFS Financial Price Performance

The company’s 50-day simple moving average is $16.24 and its 200-day simple moving average is $14.93. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 52.58 and a beta of 0.70.

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

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.5%. TFS Financial’s payout ratio is 342.42%.

Insider Transactions at TFS Financial

In other news, CFO Meredith S. Weil sold 13,756 shares of TFS Financial stock in a transaction on Monday, May 11th. The stock was sold at an average price of $14.91, for a total transaction of $205,101.96. Following the completion of the sale, the chief financial officer owned 38,480 shares of the company’s stock, valued at approximately $573,736.80. This trade represents a 26.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew J. Rubino sold 6,600 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total transaction of $100,188.00. Following the completion of the sale, the chief operating officer directly owned 21,310 shares of the company’s stock, valued at approximately $323,485.80. The trade was a 23.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders bought 35,000 shares of company stock valued at $529,200 and sold 38,777 shares valued at $595,709. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TFS Financial

A number of hedge funds have recently bought and sold shares of TFSL. Gator Capital Management LLC bought a new stake in TFS Financial in the 4th quarter valued at about $6,290,000. Lakewood Capital Management LP increased its stake in shares of TFS Financial by 19.9% in the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after purchasing an additional 420,000 shares during the last quarter. Norges Bank bought a new position in TFS Financial in the fourth quarter valued at about $5,248,000. State Street Corp grew its holdings in shares of TFS Financial by 24.6% during the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after purchasing an additional 387,992 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of TFS Financial by 23.2% during 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 buying an additional 352,093 shares in the last quarter. 9.81% of the stock is 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.