TFS Financial (NASDAQ:TFSL) Trading Down 9.2% Following Weak Earnings

TFS Financial Corporation (NASDAQ:TFSL) shares dropped 9.2% during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $13.91 and last traded at $13.3390. Approximately 80,563 shares were traded during trading, a decline of 85% from the average daily volume of 551,210 shares. The stock had previously closed at $14.69.

The bank reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $83.73 million for the quarter, compared to analyst estimates of $84.97 million. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.2825 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a dividend yield of 8.3%. TFS Financial’s payout ratio is currently 353.13%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Zacks Research upgraded TFS Financial to a “hold” rating in a report on Monday, January 19th. Piper Sandler started coverage on TFS Financial in a report on Friday, January 16th. They set a “neutral” rating and a $15.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, TFS Financial currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $14.13, for a total value of $282,600.00. Following the completion of the sale, the insider owned 53,197 shares in the company, valued at $751,673.61. The trade was a 27.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ashley H. Williams sold 7,600 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $13.66, for a total transaction of $103,816.00. Following the transaction, the director owned 16,510 shares in the company, valued at approximately $225,526.60. The trade was a 31.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,600 shares of company stock valued at $665,316 in the last three months. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in TFS Financial by 1.3% during the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after purchasing an additional 789 shares during the period. Prasad Wealth Partners LLC raised its position in shares of TFS Financial by 9.0% in the 4th quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock valued at $158,000 after buying an additional 971 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of 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 period. Ameriprise Financial Inc. boosted its position in shares of TFS Financial by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock worth $174,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after acquiring an additional 1,353 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Price Performance

The firm has a market capitalization of $3.80 billion, a P/E ratio of 42.41 and a beta of 0.73. The company has a quick ratio of 1.53, a current ratio of 1.54 and a debt-to-equity ratio of 2.57. The business’s 50 day moving average is $14.04 and its 200-day moving average is $13.57.

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.