TFS Financial’s (TFSL) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler restated their neutral rating on shares of TFS Financial (NASDAQ:TFSL) in a research report released on Friday, Marketbeat reports. The brokerage currently has a $15.00 price objective on the bank’s stock.

TFS Financial Stock Performance

Shares of TFSL opened at $14.52 on Friday. The stock’s 50-day simple moving average is $13.22 and its 200 day simple moving average is $13.09. TFS Financial has a 52-week low of $11.70 and a 52-week high of $15.25. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 53.78 and a beta of 0.68. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $194.94 million for the quarter. TFS Financial had a return on equity of 4.20% and a net margin of 10.49%. During the same period in the previous year, the business earned $0.07 EPS.

TFS Financial Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at approximately $476,263. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

Several hedge funds have recently made changes to their positions in TFSL. BNP Paribas Financial Markets increased its stake in shares of TFS Financial by 65.0% during the first quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after buying an additional 917 shares during the period. Vanguard Group Inc. boosted its holdings in TFS Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock worth $65,508,000 after acquiring an additional 23,668 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in TFS Financial by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank’s stock worth $371,000 after acquiring an additional 1,754 shares in the last quarter. SG Americas Securities LLC boosted its holdings in TFS Financial by 12.6% in the second quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after acquiring an additional 1,361 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in TFS Financial in the second quarter worth $915,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

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.