TFS Financial (NASDAQ:TFSL) Hits New 1-Year High – Should You Buy?

TFS Financial Corporation (NASDAQ:TFSL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $17.63 and last traded at $17.63, with a volume of 36440 shares changing hands. The stock had previously closed at $17.53.

Analyst Ratings Changes

TFSL has been the topic of several research reports. Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. Piper Sandler boosted their target price on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods upped 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. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.50.

TFS Financial Stock Up 0.5%

The company has a 50-day simple moving average of $15.83 and a 200 day simple moving average of $14.75. The company has a market cap of $4.94 billion, a P/E ratio of 53.38 and a beta of 0.72. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $85.24 million during 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, equities analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

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 annualized dividend and a yield of 6.4%. The ex-dividend date was Wednesday, June 10th. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Insider Activity

In other news, insider Cathy W. Zbanek sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $15.26, for a total transaction of $152,600.00. Following the sale, the insider directly owned 61,101 shares in the company, valued at $932,401.26. This trade represents a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew J. Rubino sold 6,600 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $15.18, for a total value of $100,188.00. Following the completion of the transaction, the chief operating officer directly owned 21,310 shares of the company’s stock, valued at $323,485.80. The trade was a 23.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 35,000 shares of company stock valued at $529,200 and sold 38,777 shares valued at $595,709. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of TFS Financial

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in TFS Financial in the 4th quarter valued at $28,000. Comerica Bank raised its position in shares of TFS Financial by 263.8% in the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after buying an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Danske Bank A S purchased a new stake in TFS Financial during the 3rd quarter valued at about $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake 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.

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.