TFS Financial (NASDAQ:TFSL) Hits New 52-Week High – Time to Buy?

TFS Financial Corporation (NASDAQ:TFSL) hit a new 52-week high on Thursday . The company traded as high as $16.83 and last traded at $16.8760, with a volume of 30866 shares traded. The stock had previously closed at $16.69.

Analyst Upgrades and Downgrades

TFSL has been the topic of several research analyst reports. Wall Street Zen downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Keefe, Bruyette & Woods boosted their target price on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Piper Sandler increased their price target on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

TFS Financial Trading Up 0.7%

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 $4.74 billion, a P/E ratio of 51.27 and a beta of 0.72. The business has a fifty day moving average price of $15.33 and a 200 day moving average price of $14.54.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $85.24 million for 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%. On average, analysts expect that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a $0.2825 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.7%. TFS Financial’s dividend payout ratio (DPR) is 342.42%.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, Director Daniel F. Weir bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $15.85 per share, with a total value of $110,950.00. Following the completion of the transaction, the director owned 49,943 shares in the company, valued at approximately $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cathy W. Zbanek sold 10,000 shares of TFS Financial stock in a transaction on Monday, May 18th. The shares were sold at an average price of $15.26, for a total transaction of $152,600.00. Following the completion of the sale, the insider owned 61,101 shares in the company, valued at $932,401.26. The trade was a 14.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 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 corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in shares of TFS Financial in the 4th quarter valued at approximately $28,000. Comerica Bank lifted its stake in shares of TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after buying an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after buying an additional 841 shares during the period. Danske Bank A S bought a new stake in shares of TFS Financial during the 3rd quarter worth about $47,000. Finally, Elevation Wealth Partners LLC acquired a new position in TFS Financial in the 4th quarter valued at about $49,000. 9.81% of the stock is owned by institutional investors and hedge funds.

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.