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 mid-day trading on Friday . The company traded as high as $16.46 and last traded at $16.4250, with a volume of 214932 shares. The stock had previously closed at $16.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Keefe, Bruyette & Woods upped their target price on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Piper Sandler upped their target price on shares of TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.50.

TFS Financial Price Performance

The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. The stock’s fifty day moving average is $14.99 and its 200-day moving average is $14.42. The stock has a market cap of $4.62 billion, a PE ratio of 49.93 and a beta of 0.72.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. As a group, equities analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Wednesday, June 10th. TFS Financial’s dividend payout ratio is presently 342.42%.

Insider Activity

In related news, COO Andrew J. Rubino sold 6,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total transaction of $100,188.00. Following the sale, the chief operating officer directly owned 21,310 shares in the company, valued at approximately $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cathy W. Zbanek sold 10,000 shares of the company’s stock in a transaction that occurred on 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 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 bought 40,000 shares of company stock valued at $596,050 and sold 34,461 shares valued at $523,201. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TFS Financial

Several hedge funds have recently added to or reduced their stakes in TFSL. Empowered Funds LLC purchased a new position in TFS Financial in the fourth quarter valued at approximately $28,000. Comerica Bank increased its stake in 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 purchasing an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares during the last quarter. Danske Bank A S purchased a new position in TFS Financial in the third quarter valued at approximately $47,000. Finally, Elevation Wealth Partners LLC purchased a new position in TFS Financial in the fourth quarter valued at approximately $49,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

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.