TFS Financial (NASDAQ:TFSL) Sets New 1-Year High – Here’s Why

TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high on Friday . The company traded as high as $16.46 and last traded at $16.4250, with a volume of 214932 shares traded. The stock had previously closed at $16.33.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of TFS Financial from $14.00 to $15.00 and gave the stock 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 Friday, March 27th. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Piper Sandler lifted their target price 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.50.

TFS Financial Stock Performance

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 business’s 50 day moving average is $15.05 and its two-hundred day moving average is $14.43. The company has a market cap of $4.60 billion, a PE ratio of 49.76 and a beta of 0.72.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. The company had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $84.70 million. On average, equities research analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 6.9%. TFS Financial’s payout ratio is currently 342.42%.

Insider Buying and Selling

In other TFS Financial news, Director Anthony J. Asher purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $13.37 per share, with a total value of $66,850.00. Following the acquisition, the director owned 49,314 shares in the company, valued at approximately $659,328.18. This trade represents a 11.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cathy W. Zbanek sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $15.26, for a total value of $152,600.00. Following the completion of the transaction, the insider directly owned 61,101 shares in the company, valued at approximately $932,401.26. This represents a 14.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 40,000 shares of company stock worth $596,050 and sold 34,461 shares worth $523,201. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of TFS Financial

Several hedge funds have recently bought and sold shares of TFSL. Gator Capital Management LLC purchased a new stake in TFS Financial in the 4th quarter worth $6,290,000. Lakewood Capital Management LP lifted its stake in TFS Financial by 19.9% in the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after purchasing an additional 420,000 shares in the last quarter. Norges Bank purchased a new stake in TFS Financial in the 4th quarter worth $5,248,000. State Street Corp lifted its stake in TFS Financial by 24.6% in the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after purchasing an additional 387,992 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in TFS Financial by 23.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock worth $25,011,000 after purchasing an additional 352,093 shares in 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.