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

by · The Markets Daily

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

Other equities research analysts also recently issued reports about the stock. Piper Sandler lifted their price target on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods raised their price objective on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. 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 company has an average rating of “Hold” and a consensus price target of $19.00.

Get Our Latest Research Report on TFSL

TFS Financial Stock Up 0.2%

Shares of NASDAQ TFSL opened at $18.44 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. TFS Financial has a 52 week low of $12.53 and a 52 week high of $19.49. The firm has a 50-day moving average price of $17.26 and a 200 day moving average price of $15.48. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 51.22 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. The firm had revenue of $89.27 million for the quarter, compared to the consensus estimate of $87.05 million. Equities research analysts anticipate that TFS Financial will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.1%. TFS Financial’s payout ratio is currently 313.89%.

Insider Buying and Selling at TFS Financial

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TFSL. UBS Group AG raised its position in shares of TFS Financial by 28.2% in the fourth quarter. UBS Group AG now owns 499,893 shares of the bank’s stock valued at $6,689,000 after buying an additional 110,104 shares during the last quarter. Gator Capital Management LLC purchased a new position in shares of TFS Financial during the fourth quarter valued at approximately $6,290,000. SG Americas Securities LLC boosted its position in TFS Financial by 253.0% during the fourth quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock worth $749,000 after acquiring an additional 40,098 shares during the last quarter. CenterBook Partners LP acquired a new stake in TFS Financial during the fourth quarter worth approximately $1,471,000. Finally, Avise Financial Cooperative Inc. purchased a new stake in TFS Financial in the 4th quarter worth approximately $378,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

TFS Financial Company Profile

(Get Free Report)

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.

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