TFS Financial (NASDAQ:TFSL) Research Coverage Started at Piper Sandler

Piper Sandler assumed coverage on shares of TFS Financial (NASDAQ:TFSL) in a research report released on Friday morning, MarketBeat.com reports. The firm issued a hold rating and a $15.00 price objective on the bank’s stock.

TFSL has been the subject of a number of other reports. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

TFS Financial Stock Performance

TFS Financial stock opened at $14.15 on Friday. The stock has a fifty day moving average price of $13.92 and a 200 day moving average price of $13.51. TFS Financial has a 52 week low of $11.29 and a 52 week high of $14.73. The firm has a market capitalization of $3.97 billion, a P/E ratio of 44.22 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 2.57.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%.The firm had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. Equities research analysts anticipate that TFS Financial will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, December 2nd. TFS Financial’s dividend payout ratio (DPR) is currently 353.13%.

Insider Buying and Selling at TFS Financial

In other news, CFO Meredith S. Weil sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total value of $207,750.00. Following the completion of the sale, the chief financial officer owned 48,527 shares of the company’s stock, valued at $672,098.95. This represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andrew J. Rubino sold 5,000 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $14.23, for a total value of $71,150.00. Following the completion of the sale, the chief operating officer owned 19,126 shares of the company’s stock, valued at approximately $272,162.98. This trade represents a 20.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 47,600 shares of company stock worth $665,316. Insiders own 0.95% of the company’s stock.

Institutional Trading of TFS Financial

Several large investors have recently bought and sold shares of TFSL. Fifth Third Bancorp acquired a new position in shares of TFS Financial during the second quarter worth $25,000. Quent Capital LLC purchased a new stake in TFS Financial during the 3rd quarter worth $27,000. Danske Bank A S acquired a new position in TFS Financial in the 3rd quarter worth $47,000. Elevation Wealth Partners LLC acquired a new position in TFS Financial in the 4th quarter worth $49,000. Finally, Tower Research Capital LLC TRC boosted its position in TFS Financial by 913.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock valued at $68,000 after buying an additional 4,731 shares during the last quarter. Institutional investors and hedge funds 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.