TFS Financial (NASDAQ:TFSL) Sets New 12-Month High – Here’s Why

TFS Financial Corporation (NASDAQ:TFSL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.58 and last traded at $14.5250, with a volume of 117173 shares changing hands. The stock had previously closed at $14.27.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TFSL shares. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of TFS Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, TFS Financial presently has a consensus rating of “Hold”.

TFS Financial Price Performance

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 50.41 and a beta of 0.76. The company’s 50 day moving average is $13.43 and its 200-day moving average is $13.27.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%.The firm had revenue of $85.48 million for the quarter, compared to the consensus estimate of $84.36 million. Equities research analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.2825 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $1.13 annualized dividend and a yield of 7.7%. TFS Financial’s dividend payout ratio (DPR) is currently 353.13%.

Insiders Place Their Bets

In related news, Director Daniel F. Weir sold 3,900 shares of TFS Financial stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.37, for a total transaction of $52,143.00. Following the completion of the sale, the director owned 14,941 shares of the company’s stock, valued at approximately $199,761.17. The trade was a 20.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc A. Stefanski sold 7,200 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The SEC filing for this sale provides additional information. Insiders sold a total of 41,100 shares of company stock valued at $567,417 over the last ninety days. 0.95% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TFS Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in TFS Financial by 2.8% during the 1st quarter. Cetera Investment Advisers now owns 31,137 shares of the bank’s stock worth $386,000 after purchasing an additional 837 shares during the last quarter. HB Wealth Management LLC bought a new position in TFS Financial during the 1st quarter worth $124,000. Frank Rimerman Advisors LLC lifted its holdings in shares of TFS Financial by 26.8% during the first quarter. Frank Rimerman Advisors LLC now owns 20,127 shares of the bank’s stock worth $249,000 after buying an additional 4,250 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of TFS Financial in the first quarter valued at about $128,000. Finally, Nuveen LLC acquired a new position in shares of TFS Financial in the first quarter valued at about $2,341,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.