Keefe, Bruyette & Woods Reiterates Market Perform Rating for TFS Financial (NASDAQ:TFSL)

Keefe, Bruyette & Woods reissued their market perform rating on shares of TFS Financial (NASDAQ:TFSL) in a report published on Thursday morning, Benzinga reports. They currently have a $14.00 price objective on the bank’s stock, down from their previous price objective of $15.00.

Separately, Piper Sandler initiated coverage on shares of TFS Financial in a research report on Friday, February 23rd. They set a neutral rating and a $14.00 price target for the company.

TFS Financial Stock Up 1.8 %

TFSL stock traded up $0.24 during trading on Thursday, hitting $13.28. 420,140 shares of the company’s stock traded hands, compared to its average volume of 271,869. The firm has a market capitalization of $3.73 billion, a P/E ratio of 49.19 and a beta of 0.65. TFS Financial has a 1 year low of $10.97 and a 1 year high of $15.25. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.69. The business has a fifty day simple moving average of $12.43 and a two-hundred day simple moving average of $13.07.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $71.24 million. TFS Financial had a return on equity of 4.15% and a net margin of 11.08%.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.51%. TFS Financial’s payout ratio is 418.52%.

Insider Buying and Selling

In other TFS Financial news, insider Gavin B. Stefanski sold 3,449 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.74, for a total value of $43,940.26. Following the completion of the sale, the insider now directly owns 43,271 shares in the company, valued at $551,272.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other TFS Financial news, insider Gavin B. Stefanski sold 3,449 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.74, for a total transaction of $43,940.26. Following the transaction, the insider now owns 43,271 shares in the company, valued at approximately $551,272.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel F. Weir sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total transaction of $135,450.00. Following the completion of the transaction, the director now directly owns 14,305 shares of the company’s stock, valued at approximately $184,534.50. The disclosure for this sale can be found here. Insiders have sold a total of 20,218 shares of company stock worth $259,383 in the last ninety days. 1.13% of the stock is owned by insiders.

Institutional Trading of TFS Financial

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of TFS Financial by 106.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after purchasing an additional 965 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in TFS Financial by 585.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock worth $25,000 after buying an additional 1,715 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of TFS Financial by 228.8% in the 4th quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,430 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of TFS Financial by 65.0% in the first 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. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of TFS Financial during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

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.