TFS Financial (NASDAQ:TFSL) Share Price Crosses Above 200 Day Moving Average – Here’s Why

TFS Financial Corporation (NASDAQ:TFSL)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.46 and traded as high as $13.97. TFS Financial shares last traded at $13.88, with a volume of 559,976 shares.

Wall Street Analysts Forecast Growth

TFSL has been the subject of several analyst reports. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, TFS Financial currently has a consensus rating of “Buy”.

TFS Financial Stock Up 2.4%

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 company has a market cap of $3.89 billion, a PE ratio of 43.38 and a beta of 0.73. The company’s fifty day moving average is $13.88 and its 200-day moving average is $13.46.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $85.48 million for the quarter, compared to analysts’ expectations of $84.36 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%. On average, analysts predict that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, December 2nd. TFS Financial’s dividend payout ratio (DPR) is presently 353.13%.

Insider Transactions at TFS Financial

In related news, Director Ashley H. Williams sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $13.66, for a total transaction of $103,816.00. Following the completion of the sale, the director directly owned 16,510 shares in the company, valued at approximately $225,526.60. The trade was a 31.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Andrew J. Rubino sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $14.23, for a total transaction of $71,150.00. Following the sale, the chief operating officer directly owned 19,126 shares of the company’s stock, valued at approximately $272,162.98. This represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 47,600 shares of company stock valued at $665,316. 0.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On TFS Financial

Hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its stake in shares of TFS Financial by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after purchasing an additional 789 shares in the last quarter. Osaic Holdings Inc. grew its holdings in TFS Financial by 5.7% during the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,057 shares during the period. Ameriprise Financial Inc. grew its holdings in TFS Financial by 9.5% during the third quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock valued at $174,000 after purchasing an additional 1,147 shares during the period. Parallel Advisors LLC increased its position in TFS Financial by 5.4% in the second quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock worth $334,000 after buying an additional 1,319 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of 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 worth $317,000 after buying an additional 1,353 shares during the period. Institutional investors own 9.81% of the company’s stock.

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.