TFS Financial (NASDAQ:TFSL) Earns "Market Perform" Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of TFS Financial (NASDAQ:TFSL - Free Report) in a report published on Thursday morning, Benzinga reports. The firm currently has a $14.00 price target on the bank's stock, down from their previous price target of $15.00.

Separately, Piper Sandler assumed coverage on shares of TFS Financial in a research report on Friday, February 23rd. They issued a neutral rating and a $14.00 price objective on the stock.

TFS Financial Stock Up 2.7 %

Shares of TFS Financial stock traded up $0.34 on Thursday, hitting $13.04. The company had a trading volume of 346,746 shares, compared to its average volume of 287,252. The stock has a 50-day moving average of $12.42 and a 200-day moving average of $13.06. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $3.66 billion, a P/E ratio of 48.30 and a beta of 0.65. TFS Financial has a twelve month low of $10.97 and a twelve month high of $15.25.

TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $77.10 million for the quarter, compared to analyst estimates of $71.24 million. TFS Financial had a net margin of 11.08% and a return on equity of 4.15%.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.67%. The ex-dividend date was Wednesday, March 6th. TFS Financial's dividend payout ratio (DPR) is currently 418.52%.

Insiders Place Their Bets

In other TFS Financial news, insider Gavin B. Stefanski sold 3,449 shares of the company's stock in a transaction 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 sale, the insider now directly owns 43,271 shares of the company's stock, valued at $551,272.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TFS Financial news, Director Daniel F. Weir sold 10,500 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $12.90, for a total transaction of $135,450.00. Following the sale, the director now directly owns 14,305 shares of the company's stock, valued at $184,534.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gavin B. Stefanski sold 3,449 shares of the company's stock in a transaction 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 completion of the transaction, the insider now owns 43,271 shares in the company, valued at $551,272.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,218 shares of company stock valued at $259,383. 1.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TFS Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Brandywine Global Investment Management LLC increased its holdings in shares of TFS Financial by 35.3% in the third quarter. Brandywine Global Investment Management LLC now owns 433,756 shares of the bank's stock valued at $5,127,000 after purchasing an additional 113,191 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TFS Financial by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,270,541 shares of the bank's stock valued at $62,298,000 after purchasing an additional 31,130 shares during the last quarter. Swiss National Bank grew its stake in shares of TFS Financial by 1.8% in the third quarter. Swiss National Bank now owns 123,200 shares of the bank's stock valued at $1,456,000 after acquiring an additional 2,200 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of TFS Financial by 19.6% in the third quarter. Panagora Asset Management Inc. now owns 36,880 shares of the bank's stock valued at $436,000 after acquiring an additional 6,044 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of TFS Financial by 228.8% in the fourth 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 in the last quarter. 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.