TFS Financial (NASDAQ:TFSL) Hits New 1-Year High – Should You Buy?

TFS Financial Corporation (NASDAQ:TFSL)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $16.46 and last traded at $16.4250, with a volume of 214932 shares trading hands. The stock had previously closed at $16.33.

Analyst Ratings Changes

Several equities analysts have commented on TFSL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. Wall Street Zen downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Keefe, Bruyette & Woods increased their price objective on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Piper Sandler increased their price objective on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.50.

TFS Financial Price Performance

The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 49.93 and a beta of 0.72. The company has a fifty day moving average price of $14.99 and a two-hundred day moving average price of $14.42. 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 (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $85.24 million during the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%. On average, equities research analysts expect that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.2825 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.9%. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Insider Activity

In related news, Director Anthony J. Asher purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $13.37 per share, with a total value of $66,850.00. Following the completion of the acquisition, the director directly owned 49,314 shares in the company, valued at $659,328.18. This trade represents a 11.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel F. Weir purchased 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $15.85 per share, with a total value of $110,950.00. Following the completion of the acquisition, the director owned 49,943 shares of the company’s stock, valued at approximately $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 40,000 shares of company stock valued at $596,050 and sold 34,461 shares valued at $523,201. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in TFS Financial by 11.6% in the first quarter. Parallel Advisors LLC now owns 29,957 shares of the bank’s stock valued at $421,000 after acquiring an additional 3,120 shares during the period. Bank of America Corp DE lifted its holdings in TFS Financial by 27.1% in the first quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock valued at $14,181,000 after acquiring an additional 215,491 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 841 shares during the period. Royal Bank of Canada lifted its holdings in TFS Financial by 1,237.7% in the first quarter. Royal Bank of Canada now owns 9,658 shares of the bank’s stock valued at $136,000 after acquiring an additional 8,936 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in TFS Financial by 11.3% in the first quarter. The Manufacturers Life Insurance Company now owns 14,245 shares of the bank’s stock valued at $200,000 after acquiring an additional 1,451 shares during the period. Institutional investors and hedge funds own 9.81% of the company’s stock.

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.