TFS Financial (NASDAQ:TFSL) Stock Price Up 7.7% - Should You Buy?

TFS Financial Co. (NASDAQ:TFSL - Get Free Report) traded up 7.7% during mid-day trading on Friday . The stock traded as high as $13.71 and last traded at $13.78. 55,676 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 256,770 shares. The stock had previously closed at $12.79.

Analyst Ratings Changes

Separately, Piper Sandler restated a "neutral" rating and issued a $15.00 target price on shares of TFS Financial in a research note on Friday, November 22nd.

TFS Financial Price Performance

The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 49.00 and a beta of 0.72. The stock has a fifty day simple moving average of $12.98 and a 200-day simple moving average of $13.17. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. On average, equities research analysts anticipate that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $0.2825 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.13 dividend on an annualized basis and a yield of 8.24%. TFS Financial's dividend payout ratio is currently 403.57%.

Hedge Funds Weigh In On TFS Financial

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of TFS Financial by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock worth $41,000 after purchasing an additional 976 shares in the last quarter. Quent Capital LLC increased its stake in TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock worth $46,000 after buying an additional 1,497 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of TFS Financial by 814.2% during the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank's stock valued at $108,000 after acquiring an additional 7,499 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of TFS Financial by 125.0% in the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank's stock valued at $162,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Olympiad Research LP acquired a new stake in shares of TFS Financial in the fourth quarter worth approximately $167,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Company Profile

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.