TFS Financial (NASDAQ:TFSL) Announces Quarterly Earnings Results

TFS Financial (NASDAQ:TFSL) issued its earnings results on Thursday. The bank reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03, FiscalAI reports. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The company had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million.

TFS Financial Stock Down 0.9%

Shares of NASDAQ:TFSL traded down $0.16 on Thursday, reaching $18.05. The company had a trading volume of 770,727 shares, compared to its average volume of 807,951. The stock has a market capitalization of $5.06 billion, a P/E ratio of 54.70 and a beta of 0.70. The stock has a 50-day moving average price of $17.12 and a 200 day moving average price of $15.38. TFS Financial has a twelve month low of $12.53 and a twelve month high of $18.52. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.3%. TFS Financial’s payout ratio is currently 342.42%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TFSL. Piper Sandler boosted their price target on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Wednesday, June 24th. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, TFS Financial presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Insider Buying and Selling

In other TFS Financial news, insider Cathy W. Zbanek sold 10,000 shares of the 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 transaction, the insider owned 61,101 shares in the company, valued at $932,401.26. This trade represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Meredith S. Weil sold 13,756 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $14.91, for a total transaction of $205,101.96. Following the completion of the sale, the chief financial officer owned 38,480 shares of the company’s stock, valued at $573,736.80. The trade was a 26.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders acquired 35,000 shares of company stock worth $529,200 and sold 38,777 shares worth $595,709. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of TFSL. Empowered Funds LLC bought a new position in TFS Financial during the fourth quarter worth $28,000. Danske Bank A S acquired a new position in TFS Financial during the 3rd quarter valued at $47,000. Tower Research Capital LLC TRC boosted its holdings in TFS Financial by 913.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock valued at $68,000 after purchasing an additional 4,731 shares during the period. Quadrant Capital Group LLC bought a new stake in TFS Financial in the 3rd quarter valued at $74,000. Finally, Kestra Advisory Services LLC acquired a new stake in TFS Financial in the 4th quarter worth $106,000. 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.