TFS Financial (NASDAQ:TFSL) Stock Price Passes Above 200-Day Moving Average – Here’s Why

TFS Financial Corporation (NASDAQ:TFSL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.46 and traded as high as $13.97. TFS Financial shares last traded at $13.88, with a volume of 559,976 shares.

Analysts Set New Price Targets

Several research firms have issued reports on TFSL. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

TFS Financial Trading Up 0.2%

The stock’s 50 day moving average is $13.89 and its 200-day moving average is $13.47. 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 company has a market cap of $3.90 billion, a P/E ratio of 43.47 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $85.48 million for the quarter, compared to the consensus estimate of $84.36 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%. Research analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently declared 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 8.1%. TFS Financial’s payout ratio is currently 353.13%.

Insider Activity

In related news, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total transaction of $207,750.00. Following the sale, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ashley H. Williams sold 7,600 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.66, for a total transaction of $103,816.00. Following the completion of the transaction, the director directly owned 16,510 shares of the company’s stock, valued at approximately $225,526.60. The trade was a 31.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 47,600 shares of company stock worth $665,316. 0.95% of the stock is currently owned by corporate insiders.

Institutional Trading of TFS Financial

Several institutional investors and hedge funds have recently made changes to their positions in TFSL. SG Americas Securities LLC boosted its holdings in shares of TFS Financial by 253.0% in the fourth 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 purchased a new position in TFS Financial in the fourth quarter valued at about $49,000. Danske Bank A S bought a new position in shares of TFS Financial during the 3rd quarter worth approximately $47,000. Verition Fund Management LLC increased its position in shares of TFS Financial by 185.0% during the third quarter. Verition Fund Management LLC now owns 51,857 shares of the bank’s stock worth $683,000 after purchasing an additional 33,660 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in TFS Financial by 9.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 18,683 shares of the bank’s stock valued at $246,000 after buying an additional 1,561 shares during the last quarter. 9.81% of the stock is currently owned by 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.