TFS Financial (NASDAQ:TFSL) Issues Earnings Results

by · The Cerbat Gem

TFS Financial (NASDAQ:TFSL – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%.

TFS Financial Price Performance

TFSL stock traded up $0.55 during midday trading on Thursday, reaching $14.69. The company had a trading volume of 815,906 shares, compared to its average volume of 578,848. TFS Financial has a 1-year low of $11.29 and a 1-year high of $14.73. The stock has a 50 day moving average price of $14.02 and a 200-day moving average price of $13.56. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.53. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 45.91 and a beta of 0.73.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Tuesday, December 2nd. TFS Financial’s dividend payout ratio is 353.13%.

Insider Activity

In related news, insider Cathy W. Zbanek sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $14.13, for a total value of $282,600.00. Following the sale, the insider directly owned 53,197 shares of the company’s stock, valued at $751,673.61. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Meredith S. Weil sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total transaction of $207,750.00. Following the sale, the chief financial officer directly owned 48,527 shares in the company, valued at $672,098.95. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 47,600 shares of company stock worth $665,316. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after purchasing an additional 789 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of TFS Financial by 5.7% during 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 during the period. Ameriprise Financial Inc. lifted its holdings in shares of TFS Financial by 9.5% in the third quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock worth $174,000 after buying an additional 1,147 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of 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 period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in TFS Financial by 9.1% during the 3rd 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 during the period. 9.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TFSL has been the topic of a number of analyst reports. Zacks Research upgraded TFS Financial to a “hold” rating in a research note on Monday, January 19th. Piper Sandler assumed coverage on shares of TFS Financial in a research report on Friday, January 16th. They set a “neutral” rating and a $15.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.00.

Check Out Our Latest Report on TFSL

About TFS Financial

(Get Free Report)

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.

Read More