TFS Financial (NASDAQ:TFSL) Hits New 52-Week High – Time to Buy?

TFS Financial Corporation (NASDAQ:TFSL) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.00 and last traded at $17.0050, with a volume of 317051 shares trading hands. The stock had previously closed at $16.88.

Analysts Set New Price Targets

A number of analysts recently weighed in on TFSL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Wednesday. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Piper Sandler boosted 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, TFS Financial has an average rating of “Hold” and a consensus target price of $15.50.

TFS Financial Stock Up 2.8%

The stock has a market cap of $4.91 billion, a P/E ratio of 53.06 and a beta of 0.72. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. The stock’s 50-day moving average is $15.71 and its 200-day moving average is $14.69.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. As a group, research analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Wednesday, June 10th. TFS Financial’s dividend payout ratio is 342.42%.

Insider Transactions at TFS Financial

In other TFS Financial news, insider Cathy W. Zbanek sold 10,000 shares of the 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 completion of the transaction, the insider directly owned 61,101 shares of the company’s stock, valued at approximately $932,401.26. This trade represents a 14.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Meredith S. Weil sold 13,756 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $14.91, for a total value of $205,101.96. Following the completion of the sale, the chief financial officer directly owned 38,480 shares in the company, valued at $573,736.80. This represents a 26.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 35,000 shares of company stock valued at $529,200 and sold 38,777 shares valued at $595,709. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TFSL. Parallel Advisors LLC lifted its holdings in TFS Financial by 11.6% in the 1st quarter. Parallel Advisors LLC now owns 29,957 shares of the bank’s stock valued at $421,000 after acquiring an additional 3,120 shares during the last quarter. Bank of America Corp DE grew its stake in shares of TFS Financial by 27.1% in the 1st quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock worth $14,181,000 after purchasing an additional 215,491 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of TFS Financial by 45.1% in the 1st 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. Royal Bank of Canada raised its holdings in shares of TFS Financial by 1,237.7% in the 1st quarter. Royal Bank of Canada now owns 9,658 shares of the bank’s stock worth $136,000 after purchasing an additional 8,936 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of TFS Financial by 11.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,245 shares of the bank’s stock worth $200,000 after purchasing an additional 1,451 shares in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

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.