TFS Financial (NASDAQ:TFSL) Issues Earnings Results

TFS Financial (NASDAQ:TFSL) announced its earnings results on Thursday. The bank reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million.

TFS Financial Price Performance

NASDAQ:TFSL traded down $0.16 during mid-day trading on Thursday, reaching $18.05. The stock had a trading volume of 770,727 shares, compared to its average volume of 727,782. The firm has a 50 day moving average price of $17.16 and a two-hundred day moving average price of $15.41. The stock has a market capitalization of $5.06 billion, a P/E ratio of 54.70 and a beta of 0.70. TFS Financial has a one year low of $12.53 and a one year high of $18.52. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, June 10th. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Analyst Upgrades and Downgrades

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

Insider Transactions at TFS Financial

In other news, insider Cathy W. Zbanek sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $15.26, for a total value of $152,600.00. Following the completion of the sale, the insider directly owned 61,101 shares in the company, valued at approximately $932,401.26. The trade was a 14.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Andrew J. Rubino sold 6,600 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total transaction of $100,188.00. Following the completion of the sale, the chief operating officer directly owned 21,310 shares of the company’s stock, valued at $323,485.80. This trade represents a 23.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders acquired 35,000 shares of company stock worth $529,200 and sold 38,777 shares worth $595,709. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TFS Financial

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in TFS Financial in the fourth quarter worth $28,000. Danske Bank A S bought a new position in shares of TFS Financial during the third quarter valued at about $47,000. Tower Research Capital LLC TRC increased its holdings in shares of TFS Financial by 913.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock worth $68,000 after buying an additional 4,731 shares during the period. Quadrant Capital Group LLC purchased a new position in shares of TFS Financial in the third quarter worth about $74,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of TFS Financial in the 4th quarter valued at about $106,000. Hedge funds and other institutional investors 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.