TFS Financial (NASDAQ:TFSL) Earns “Neutral” Rating from Piper Sandler

Piper Sandler reiterated their neutral rating on shares of TFS Financial (NASDAQ:TFSL) in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have a $15.00 target price on the bank’s stock.

TFS Financial Stock Up 0.1 %

TFSL stock opened at $14.53 on Friday. The firm has a 50-day moving average price of $13.27 and a 200-day moving average price of $13.11. TFS Financial has a 12 month low of $11.70 and a 12 month high of $15.25. 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 stock has a market capitalization of $4.08 billion, a P/E ratio of 53.82 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $194.94 million for 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 business earned $0.07 EPS.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend is Tuesday, December 3rd. TFS Financial’s payout ratio is 418.53%.

Insider Activity

In related news, CEO Marc A. Stefanski sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total transaction 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 Securities & Exchange Commission, which is available at this hyperlink. 1.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFSL. BNP Paribas Financial Markets raised 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 purchasing an additional 917 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in TFS Financial by 44.0% during the 3rd 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 during the last quarter. Evergreen Capital Management LLC bought a new position in TFS Financial during the 2nd quarter worth $139,000. SG Americas Securities LLC raised its position in TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after purchasing an additional 1,361 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in TFS Financial by 125.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock worth $162,000 after purchasing an additional 7,000 shares during the last quarter. 9.81% of the stock is owned by institutional investors.

About TFS Financial

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.