TFS Financial (NASDAQ:TFSL) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of TFS Financial Corporation (NASDAQ:TFSL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.63 and traded as high as $16.73. TFS Financial shares last traded at $16.61, with a volume of 788,223 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on TFSL shares. Wall Street Zen downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Keefe, Bruyette & Woods upped their price target on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Finally, Piper Sandler lifted their price objective on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. 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 an average target price of $15.50.

TFS Financial Stock Up 0.9%

The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The company has a market cap of $4.78 billion, a PE ratio of 51.64 and a beta of 0.72. The company’s fifty day moving average is $15.66 and its 200-day moving average is $14.67.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. On average, analysts predict that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Wednesday, June 10th. TFS Financial’s dividend payout ratio is 342.42%.

Insider Transactions at TFS Financial

In other TFS Financial news, Director Daniel F. Weir purchased 21,000 shares of TFS Financial stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $14.91 per share, with a total value of $313,110.00. Following the transaction, the director directly owned 51,043 shares of the company’s stock, valued at $761,051.13. This trade represents a 69.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Andrew J. Rubino sold 6,600 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $15.18, for a total transaction of $100,188.00. Following the completion of the transaction, the chief operating officer owned 21,310 shares in the company, valued at $323,485.80. This trade represents a 23.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 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 company insiders.

Institutional Trading of TFS Financial

Several large investors have recently added to or reduced their stakes in TFSL. Wells Fargo & Company MN raised 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 worth $113,000 after acquiring an additional 770 shares during the period. Legal & General Group Plc grew its position in shares of TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after acquiring an additional 789 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of TFS Financial by 45.1% during the 1st 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. Prasad Wealth Partners LLC increased its stake in shares of TFS Financial by 9.0% in the 4th quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock worth $158,000 after purchasing an additional 971 shares in the last quarter. Finally, Kestra Investment Management LLC increased its stake in shares of TFS Financial by 0.5% in the 4th quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after purchasing an additional 1,017 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

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.