TFS Financial’s (TFSL) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

TFS Financial (NASDAQ:TFSL)‘s stock had its “market perform” rating restated by Keefe, Bruyette & Woods in a report issued on Monday,Benzinga reports. They currently have a $18.00 price target on the bank’s stock, up from their prior price target of $16.00. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 3.87% from the company’s current price.

A number of other equities research analysts also recently commented on TFSL. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Wednesday, June 24th. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler upped their target price on TFS Financial from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, TFS Financial currently has an average rating of “Hold” and an average price target of $19.00.

TFS Financial Stock Performance

TFSL stock traded up $0.32 during trading on Monday, reaching $18.73. 1,219,955 shares of the company’s stock were exchanged, compared to its average volume of 820,100. TFS Financial has a 1-year low of $12.53 and a 1-year high of $19.49. The firm has a market cap of $5.25 billion, a PE ratio of 51.99 and a beta of 0.70. The company’s fifty day moving average price is $17.21 and its 200-day moving average price is $15.44. 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, July 30th. The bank reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. The business had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million. On average, research analysts expect that TFS Financial will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel F. Weir bought 21,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the acquisition, the director owned 51,043 shares in the company, valued at $761,051.13. This trade represents a 69.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cathy W. Zbanek sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $15.26, for a total transaction of $152,600.00. Following the sale, the insider directly owned 61,101 shares of the company’s stock, valued at approximately $932,401.26. This represents a 14.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 35,000 shares of company stock valued at $529,200 and have sold 38,777 shares valued at $595,709. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in shares of TFS Financial during the 4th quarter worth about $28,000. Comerica Bank raised its position in TFS Financial by 263.8% in the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after purchasing an additional 841 shares in the last quarter. Danske Bank A S bought a new position in TFS Financial during the third quarter worth about $47,000. Finally, Tower Research Capital LLC TRC boosted its holdings in TFS Financial by 913.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock valued at $68,000 after purchasing an additional 4,731 shares in the last quarter. 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.