TFS Financial (NASDAQ:TFSL) Sets New 1-Year High on Strong Earnings

TFS Financial Corporation (NASDAQ:TFSL) shares reached a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $19.30 and last traded at $18.8350, with a volume of 88757 shares traded. The stock had previously closed at $18.05.

The bank reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $89.27 million for the quarter, compared to the consensus estimate of $87.05 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.0%. TFS Financial’s payout ratio is 342.42%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Piper Sandler upped their target price on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.50.

Insider Buying and Selling at TFS Financial

In related news, COO Andrew J. Rubino sold 6,600 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total transaction of $100,188.00. Following the completion of the sale, the chief operating officer owned 21,310 shares of the company’s stock, valued at $323,485.80. This represents a 23.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cathy W. Zbanek sold 10,000 shares of the company’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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 35,000 shares of company stock worth $529,200 and sold 38,777 shares worth $595,709. 0.72% of the stock is owned by company insiders.

Institutional Trading of TFS Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG boosted 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 worth $6,689,000 after buying an additional 110,104 shares during the period. Gator Capital Management LLC bought a new stake in shares of TFS Financial in the 4th quarter valued at approximately $6,290,000. SG Americas Securities LLC increased its stake in shares of TFS Financial by 253.0% during the 4th quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock worth $749,000 after purchasing an additional 40,098 shares during the last quarter. CenterBook Partners LP bought a new position in shares of TFS Financial in the 4th quarter valued at approximately $1,471,000. Finally, AXQ Capital LP bought a new position in TFS Financial in the 4th quarter worth $194,000. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Trading Up 4.6%

The company has a 50-day simple moving average of $17.16 and a 200 day simple moving average of $15.41. The company has a market capitalization of $5.30 billion, a P/E ratio of 57.30 and a beta of 0.70. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58.

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.