Piper Sandler restated their neutral rating on shares of TFS Financial (NASDAQ:TFSL - Free Report) in a research report sent to investors on Friday, MarketBeat Ratings reports. The firm currently has a $15.00 price target on the bank's stock.
TFS Financial Stock Up 1.0 %
Shares of NASDAQ:TFSL traded up $0.14 on Friday, reaching $14.52. The company had a trading volume of 243,484 shares, compared to its average volume of 308,990. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $4.08 billion, a PE ratio of 53.78 and a beta of 0.68. TFS Financial has a 52-week low of $11.70 and a 52-week high of $15.25. The firm's 50 day simple moving average is $13.25 and its 200-day simple moving average is $13.10.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The business had revenue of $194.94 million during the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. During the same quarter in the prior year, the firm posted $0.07 earnings per share.
TFS Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $0.2825 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.13 annualized dividend and a yield of 7.78%. TFS Financial's dividend payout ratio (DPR) is 418.53%.
Insider Transactions at TFS Financial
In related news, CEO Marc A. Stefanski sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the completion of the transaction, the chief executive officer now directly owns 37,150 shares of the company's stock, valued at $476,263. This trade represents a 35.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.13% of the company's stock.
Institutional Investors Weigh In On TFS Financial
Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in TFS Financial by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank's stock worth $29,000 after acquiring an additional 917 shares during the period. Vanguard Group Inc. increased its holdings in TFS Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank's stock worth $65,508,000 after buying an additional 23,668 shares during the period. Price T Rowe Associates Inc. MD raised its position in TFS Financial by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank's stock worth $371,000 after buying an additional 1,754 shares during the last quarter. SG Americas Securities LLC lifted its stake in TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank's stock valued at $154,000 after acquiring an additional 1,361 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of TFS Financial in the 2nd quarter valued at $915,000. 9.81% of the stock is owned by hedge funds and other institutional investors.
About TFS Financial
(
Get Free Report)
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.
Read More
Before you consider TFS Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TFS Financial wasn't on the list.
While TFS Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
