TFS Financial (NASDAQ:TFSL) Posts Earnings Results, Misses Expectations By $0.01 EPS

TFS Financial (NASDAQ:TFSL) issued its earnings results on Thursday. The bank reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. TFS Financial had a return on equity of 4.80% and a net margin of 11.29%.The business had revenue of $83.73 million for the quarter, compared to the consensus estimate of $84.97 million.

TFS Financial Trading Down 4.2%

Shares of TFSL stock opened at $14.07 on Friday. The stock has a 50 day simple moving average of $14.04 and a 200 day simple moving average of $13.57. TFS Financial has a 1 year low of $11.29 and a 1 year high of $14.73. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 2.57. The stock has a market cap of $3.95 billion, a P/E ratio of 43.97 and a beta of 0.73.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Tuesday, December 2nd. TFS Financial’s payout ratio is 353.13%.

Insider Buying and Selling

In related news, Director Ashley H. Williams sold 7,600 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.66, for a total transaction of $103,816.00. Following the completion of the sale, the director owned 16,510 shares of the company’s stock, valued at $225,526.60. This represents a 31.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Meredith S. Weil sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total transaction of $207,750.00. Following the completion of the transaction, the chief financial officer owned 48,527 shares of the company’s stock, valued at $672,098.95. The trade was a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,600 shares of company stock valued at $665,316 over the last 90 days. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of TFS Financial by 1.3% in the 2nd 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. Osaic Holdings Inc. boosted 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 buying an additional 1,057 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in TFS Financial by 9.5% in the third quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock valued at $174,000 after buying an additional 1,147 shares in the last quarter. Treasurer of the State of North Carolina grew its position in TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in TFS Financial by 9.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 18,683 shares of the bank’s stock worth $246,000 after acquiring an additional 1,561 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TFSL has been the subject of a number of research analyst reports. Zacks Research raised shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. Piper Sandler assumed coverage on shares of TFS Financial in a report on Friday, January 16th. They set a “neutral” rating and a $15.00 target price for the company. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

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.