TFS Financial’s (TFSL) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of TFS Financial (NASDAQ:TFSL) in a research note published on Monday morning,Benzinga reports. The firm currently has a $18.00 target price on the bank’s stock, up from their previous target price of $16.00.

TFSL has been the subject of a number of other reports. Piper Sandler boosted their price objective on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Wednesday, June 24th. Finally, Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.00.

TFS Financial Stock Down 1.6%

Shares of NASDAQ TFSL opened at $18.32 on Monday. The stock has a market capitalization of $5.14 billion, a P/E ratio of 50.89 and a beta of 0.70. The company has a 50-day moving average price of $17.36 and a 200-day moving average price of $15.54. TFS Financial has a 1 year low of $12.53 and a 1 year high of $19.49. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. The company had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. On average, equities research analysts forecast that TFS Financial will post 0.36 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Wednesday, June 10th. TFS Financial’s dividend payout ratio (DPR) is presently 313.89%.

Insider Buying and Selling

In other TFS Financial news, insider Cathy W. Zbanek sold 10,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $15.26, for a total value of $152,600.00. Following the completion of the sale, the insider owned 61,101 shares in the company, valued at approximately $932,401.26. This trade represents a 14.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel F. Weir acquired 21,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $14.91 per share, with a total value of $313,110.00. Following the purchase, the director owned 51,043 shares in the company, valued at approximately $761,051.13. The trade was a 69.90% increase in their position. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have bought 35,000 shares of company stock worth $529,200 and have sold 32,177 shares worth $495,521. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TFS Financial

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in TFS Financial by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock worth $43,324,000 after acquiring an additional 152,041 shares during the period. State Street Corp grew 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 valued at $26,305,000 after purchasing an additional 387,992 shares during the period. Bank of New York Mellon Corp grew 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 valued at $25,011,000 after purchasing an additional 352,093 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TFS Financial by 5.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock valued at $13,197,000 after purchasing an additional 52,350 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of TFS Financial by 27.1% during the 1st 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 period. 9.81% of the stock is owned by institutional investors.

TFS Financial Company Profile

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.