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

TFS Financial Corporation (NASDAQ:TFSL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.50 and traded as high as $14.27. TFS Financial shares last traded at $14.15, with a volume of 589,325 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Piper Sandler began coverage on TFS Financial in a research note on Friday. They issued a “neutral” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TFS Financial presently has an average rating of “Moderate Buy” and an average price target of $15.00.

TFS Financial Stock Up 0.1%

The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.53 and a current ratio of 1.54. The firm’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $13.50. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 44.22 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $85.48 million during the quarter, compared to the consensus estimate of $84.36 million. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%. On average, sell-side analysts forecast that TFS Financial Corporation will post 0.29 earnings per share 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 paid a $0.2825 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a yield of 8.0%. TFS Financial’s payout ratio is presently 353.13%.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $14.13, for a total transaction of $282,600.00. Following the sale, the insider directly owned 53,197 shares of the company’s stock, valued at $751,673.61. The trade was a 27.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Andrew J. Rubino sold 5,000 shares of TFS Financial stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $14.23, for a total value of $71,150.00. Following the completion of the sale, the chief operating officer directly owned 19,126 shares in the company, valued at approximately $272,162.98. This represents a 20.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,600 shares of company stock valued at $665,316 over the last quarter. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Lakewood Capital Management LP boosted its holdings in shares of TFS Financial by 19.9% in the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after buying an additional 420,000 shares during the last quarter. Norges Bank acquired a new position in shares of TFS Financial during the 2nd quarter worth about $5,220,000. Two Sigma Investments LP lifted its stake in TFS Financial by 289.6% in the 3rd quarter. Two Sigma Investments LP now owns 254,651 shares of the bank’s stock valued at $3,355,000 after purchasing an additional 189,282 shares during the last quarter. Bank of America Corp DE grew its holdings in TFS Financial by 28.0% during the third quarter. Bank of America Corp DE now owns 834,794 shares of the bank’s stock worth $10,998,000 after purchasing an additional 182,810 shares during the period. Finally, UBS Group AG increased its position in TFS Financial by 48.2% during the third quarter. UBS Group AG now owns 389,789 shares of the bank’s stock worth $5,135,000 after buying an additional 126,782 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors.

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.