TFS Financial (NASDAQ:TFSL) Upgraded at Zacks Research

Zacks Research upgraded shares of TFS Financial (NASDAQ:TFSL) to a hold rating in a report published on Monday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Piper Sandler started coverage on shares of TFS Financial in a report on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

TFS Financial Trading Up 3.0%

TFSL stock opened at $14.53 on Monday. TFS Financial has a 1-year low of $11.29 and a 1-year high of $14.73. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 2.57. The business’s 50 day moving average is $13.95 and its 200-day moving average is $13.52. The firm has a market cap of $4.08 billion, a P/E ratio of 45.41 and a beta of 0.73.

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

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a yield of 7.8%. TFS Financial’s dividend payout ratio is currently 353.13%.

Insider Transactions at TFS Financial

In other news, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total value of $207,750.00. Following the completion of the sale, the chief financial officer directly owned 48,527 shares of the company’s stock, valued at approximately $672,098.95. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ashley H. Williams sold 7,600 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $13.66, for a total value of $103,816.00. Following the transaction, the director directly owned 16,510 shares in the company, valued at $225,526.60. This trade represents a 31.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,600 shares of company stock valued at $665,316 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TFS Financial

Institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. lifted its holdings in TFS Financial by 27.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 19,656 shares of the bank’s stock valued at $263,000 after buying an additional 4,230 shares during the period. Lineweaver Wealth Advisors LLC bought a new stake in shares of TFS Financial during the 4th quarter valued at $136,000. SG Americas Securities LLC lifted its stake in shares of TFS Financial by 253.0% in the 4th quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock valued at $749,000 after purchasing an additional 40,098 shares during the period. Elevation Wealth Partners LLC bought a new position in shares of TFS Financial in the 4th quarter worth $49,000. Finally, Danske Bank A S acquired a new stake in shares of TFS Financial during the third quarter worth $47,000. Institutional investors and hedge funds 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.