TFS Financial (NASDAQ:TFSL) Given New $15.00 Price Target at Keefe, Bruyette & Woods

TFS Financial (NASDAQ:TFSL) had its price objective lifted by Keefe, Bruyette & Woods from $14.00 to $15.00 in a report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 0.20% from the stock’s current price.

Several other brokerages have also weighed in on TFSL. Zacks Research upgraded shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler began coverage on shares of TFS Financial in a report on Friday, January 16th. They issued a “neutral” rating and a $15.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

TFS Financial Price Performance

Shares of TFSL stock opened at $15.03 on Monday. TFS Financial has a 1 year low of $12.53 and a 1 year high of $15.43. The firm’s 50 day moving average is $14.23 and its 200-day moving average is $14.08. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 45.55 and a beta of 0.70. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.91%. The company had revenue of $85.24 million for the quarter, compared to analyst estimates of $84.70 million. Sell-side analysts forecast that TFS Financial will post 0.33 EPS for the current fiscal year.

Insider Activity at TFS Financial

In other news, CEO Marc A. Stefanski sold 36,844 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $15.12, for a total transaction of $557,081.28. Following the completion of the sale, the chief executive officer owned 71,997 shares of the company’s stock, valued at $1,088,594.64. This represents a 33.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gavin B. Stefanski sold 7,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $14.97, for a total transaction of $104,790.00. Following the sale, the insider directly owned 25,766 shares of the company’s stock, valued at $385,717.02. This represents a 21.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,000 shares of company stock valued at $1,164,986 over the last three months. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in TFS Financial by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock valued at $113,000 after purchasing an additional 770 shares in the last quarter. Legal & General Group Plc grew its position in TFS Financial by 1.3% in the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after purchasing an additional 789 shares in the last quarter. Prasad Wealth Partners LLC grew its position in TFS Financial by 9.0% in the fourth quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock valued at $158,000 after purchasing an additional 971 shares in the last quarter. Kestra Investment Management LLC lifted its stake in TFS Financial by 0.5% in the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock valued at $2,870,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in TFS Financial by 5.7% in the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock valued at $256,000 after acquiring an additional 1,057 shares during the last quarter. 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.