TFS Financial (NASDAQ:TFSL) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of TFS Financial (NASDAQ:TFSL) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Piper Sandler increased their price target on shares of 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 reissued a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.50.

TFS Financial Stock Up 2.0%

Shares of NASDAQ TFSL opened at $18.41 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. TFS Financial has a 52 week low of $12.53 and a 52 week high of $19.30. The stock has a market capitalization of $5.16 billion, a P/E ratio of 51.14 and a beta of 0.70. The stock’s fifty day moving average is $17.21 and its 200 day moving average is $15.43.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. The business had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. Sell-side analysts forecast that TFS Financial will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently disclosed 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 of this dividend was Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.1%. TFS Financial’s dividend payout ratio (DPR) is 313.89%.

Insiders Place Their Bets

In other news, COO Andrew J. Rubino sold 6,600 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total value of $100,188.00. Following the completion of the transaction, the chief operating officer owned 21,310 shares of the company’s stock, valued at approximately $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel F. Weir purchased 21,000 shares of TFS Financial stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the purchase, the director owned 51,043 shares in the company, valued at $761,051.13. This represents a 69.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have bought 35,000 shares of company stock worth $529,200 and have sold 38,777 shares worth $595,709. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. increased its holdings in shares of TFS Financial by 10.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,006 shares of the bank’s stock worth $301,000 after buying an additional 1,671 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of TFS Financial by 11.6% during the 1st quarter. Parallel Advisors LLC now owns 29,957 shares of the bank’s stock valued at $421,000 after acquiring an additional 3,120 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of TFS Financial by 27.1% during the 1st quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock valued at $14,181,000 after acquiring an additional 215,491 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Finally, Royal Bank of Canada grew its position in TFS Financial by 1,237.7% during the 1st quarter. Royal Bank of Canada now owns 9,658 shares of the bank’s stock worth $136,000 after acquiring an additional 8,936 shares during the last quarter. Institutional investors own 9.81% of the company’s stock.

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.