TFS Financial (NASDAQ:TFSL) Shares Pass Above 200-Day Moving Average – Here’s What Happened

TFS Financial Corporation (NASDAQ:TFSL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.03 and traded as high as $17.79. TFS Financial shares last traded at $17.69, with a volume of 678,979 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on TFSL shares. Piper Sandler raised their target price on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods upped their price target 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. Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. 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 assigned a Hold rating to the company. According to data from MarketBeat, TFS Financial has an average rating of “Hold” and a consensus price target of $15.50.

TFS Financial Stock Up 0.2%

The company has a 50 day simple moving average of $16.45 and a two-hundred day simple moving average of $15.03. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The company has a market capitalization of $4.96 billion, a P/E ratio of 53.61 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%. As a group, equities analysts predict that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 6.4%. The ex-dividend date was Wednesday, June 10th. TFS Financial’s dividend payout ratio is presently 342.42%.

Insider Buying and Selling

In related news, insider Cathy W. Zbanek sold 10,000 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 61,101 shares in the company, valued at $932,401.26. This trade represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Meredith S. Weil sold 4,316 shares of TFS Financial stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $16.80, for a total transaction of $72,508.80. Following the transaction, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at $646,464. The trade was a 10.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 35,000 shares of company stock worth $529,200 and have sold 38,777 shares worth $595,709. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Several institutional investors have recently made changes to their positions in TFSL. Dimensional Fund Advisors LP boosted its stake in shares of TFS Financial by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock worth $43,324,000 after purchasing an additional 152,041 shares during the period. State Street Corp raised its position 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 during the period. Bank of New York Mellon Corp raised its position 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TFS Financial by 5.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock worth $13,197,000 after purchasing an additional 52,350 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in TFS Financial by 27.1% in the first quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock worth $14,181,000 after purchasing an additional 215,491 shares during the last quarter. 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.