TFS Financial (NASDAQ:TFSL) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Shares of TFS Financial Corporation (NASDAQ:TFSL) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $16.22 and traded as high as $17.00. TFS Financial shares last traded at $16.70, with a volume of 687,093 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on TFSL. Piper Sandler raised their price target on shares of TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 target price (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.00.

TFS Financial Trading Up 1.3%

The company has a market cap of $4.69 billion, a price-to-earnings ratio of 46.45 and a beta of 0.69. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97. The firm’s 50-day moving average price is $17.63 and its 200 day moving average price is $16.24.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $89.27 million for the quarter, compared to the consensus estimate of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. As a group, equities analysts expect that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were paid a $0.3175 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $1.27 annualized dividend and a dividend yield of 7.6%. This is a boost from TFS Financial’s previous quarterly dividend of $0.2825. TFS Financial’s dividend payout ratio (DPR) is 352.78%.

Insider Activity at TFS Financial

In other news, insider Bradley T. Stefanski sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $16.94, for a total transaction of $169,400.00. Following the transaction, the insider directly owned 38,720 shares of the company’s stock, valued at $655,916.80. This represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gavin B. Stefanski sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total transaction of $119,275.00. Following the sale, the insider owned 19,266 shares of the company’s stock, valued at $353,531.10. This trade represents a 25.23% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 17,100 shares of company stock worth $299,475. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of 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 during the last quarter. Sequoia Financial Advisors LLC grew its holdings in TFS Financial by 2.6% during the first quarter. Sequoia Financial Advisors LLC now owns 45,418 shares of the bank’s stock worth $638,000 after buying an additional 1,155 shares in the last quarter. Parallel Advisors LLC grew its holdings in TFS Financial by 4.6% during the fourth quarter. Parallel Advisors LLC now owns 26,837 shares of the bank’s stock worth $359,000 after buying an additional 1,183 shares in the last quarter. Meeder Advisory Services Inc. raised its position in TFS Financial by 3.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 36,939 shares of the bank’s stock valued at $519,000 after buying an additional 1,282 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in TFS Financial by 11.3% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Company Profile

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Third Federal serves consumers primarily through retail banking and residential lending activities.

The company offers deposit products such as savings accounts, checking accounts, certificates of deposit and money market accounts. Its lending portfolio is focused mainly on residential real estate, including home purchase and refinance mortgages, home equity loans and lines of credit, and other loans secured by residential property.

Third Federal operates branches in Ohio and Florida and also provides mortgage lending services through additional channels.