TFS Financial (NASDAQ:TFSL) Issues Earnings Results, Misses Estimates By $0.01 EPS

TFS Financial (NASDAQ:TFSL) posted its quarterly earnings results on Thursday. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), Zacks reports. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%.The business had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $84.97 million.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $14.69 on Friday. The business has a fifty day simple moving average of $14.04 and a two-hundred day simple moving average of $13.57. The firm has a market capitalization of $4.12 billion, a P/E ratio of 45.91 and a beta of 0.73. TFS Financial has a 12 month low of $11.29 and a 12 month high of $14.73. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were issued a $0.2825 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a dividend yield of 7.7%. TFS Financial’s payout ratio is currently 353.13%.

Analysts Set New Price Targets

TFSL has been the topic of several research analyst reports. Piper Sandler started coverage on shares of TFS Financial in a research report on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research upgraded TFS Financial to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Insider Activity

In related news, CFO Meredith S. Weil sold 15,000 shares of TFS Financial 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 directly owned 48,527 shares in the company, valued at $672,098.95. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cathy W. Zbanek sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $14.13, for a total transaction of $282,600.00. Following the sale, the insider owned 53,197 shares in the company, valued at approximately $751,673.61. This represents a 27.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 47,600 shares of company stock worth $665,316. 0.72% of the stock is currently owned by insiders.

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of TFSL. Legal & General Group Plc raised its position in shares of TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after buying an additional 789 shares in the last quarter. Osaic Holdings Inc. grew its position in TFS Financial by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock worth $256,000 after acquiring an additional 1,057 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of TFS Financial by 9.5% during the third quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock worth $174,000 after buying an additional 1,147 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of TFS Financial by 5.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in TFS Financial by 9.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 18,683 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,561 shares in 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.