TFS Financial (NASDAQ:TFSL) Announces Earnings Results, Beats Expectations By $0.03 EPS

TFS Financial (NASDAQ:TFSL) issued its quarterly earnings results on Thursday. The bank reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03, FiscalAI reports. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The company had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million.

TFS Financial Stock Up 4.7%

TFS Financial stock traded up $0.84 on Friday, hitting $18.89. 307,428 shares of the stock traded hands, compared to its average volume of 803,325. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. The firm has a market cap of $5.30 billion, a P/E ratio of 57.20 and a beta of 0.70. The business’s fifty day simple moving average is $17.16 and its 200 day simple moving average is $15.41. TFS Financial has a 1 year low of $12.53 and a 1 year high of $19.30.

TFS Financial Announces Dividend

The company also recently disclosed 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 was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 6.0%. TFS Financial’s dividend payout ratio is 342.42%.

Wall Street Analyst Weigh In

TFSL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Piper Sandler lifted their price target on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” 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 cut 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.50.

Insiders Place Their Bets

In other TFS Financial news, insider Cathy W. Zbanek sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $15.26, for a total value of $152,600.00. Following the transaction, the insider directly owned 61,101 shares in the company, valued at approximately $932,401.26. This trade represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Meredith S. Weil sold 4,316 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $16.80, for a total value of $72,508.80. Following the completion of the transaction, the chief financial officer directly owned 38,480 shares in the company, valued at $646,464. This trade represents a 10.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have purchased 35,000 shares of company stock valued at $529,200 and have sold 38,777 shares valued at $595,709. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of TFS Financial by 10.1% during the fourth quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock worth $113,000 after acquiring an additional 770 shares during the last quarter. Legal & General Group Plc increased its stake in TFS Financial by 1.3% during the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after acquiring an additional 789 shares during the last quarter. Osaic Holdings Inc. raised its holdings in TFS Financial by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock valued at $256,000 after buying an additional 1,057 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of TFS Financial by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock worth $174,000 after purchasing an additional 1,147 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock worth $317,000 after purchasing an additional 1,353 shares during the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

About TFS Financial

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.