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

Piper Sandler reaffirmed their neutral rating on shares of TFS Financial (NASDAQ:TFSL) in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a $15.00 target price on the bank’s stock.

TFS Financial Price Performance

Shares of TFSL opened at $14.52 on Friday. The business has a 50-day moving average of $13.25 and a 200-day moving average of $13.10. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 53.78 and a beta of 0.68. TFS Financial has a 1 year low of $11.70 and a 1 year high of $15.25.

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

TFS Financial Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is 418.53%.

Insider Buying and Selling

In other TFS Financial news, CEO Marc A. Stefanski sold 20,000 shares of the 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 in the company, valued at approximately $476,263. This represents a 35.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 917 shares during the period. Allspring Global Investments Holdings LLC raised its stake 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 buying an additional 976 shares during the period. Evergreen Capital Management LLC bought a new position in TFS Financial in the second quarter worth approximately $139,000. SG Americas Securities LLC grew its stake in TFS Financial by 12.6% in the second 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, Nisa Investment Advisors LLC increased its holdings in shares of TFS Financial by 125.0% during 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. 9.81% of the stock is owned by 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.