Piper Sandler Forecasts Strong Price Appreciation for TFS Financial (NASDAQ:TFSL) Stock

Key Points

• Piper Sandler raised its price target on TFS Financial to $16.00 (from $15.00) while maintaining a "neutral" rating, implying roughly a 5.17% upside from the prior close.
• TFS shares traded at $15.21 with a market cap of $4.27B and a P/E of 46.11; the bank reported Q1 EPS of $0.08 (meeting estimates) on $85.24M in revenue.
• Insiders sold a total of 78,000 shares in the past three months (including CFO and CEO sales), leaving insiders with just 0.72% ownership, while the analyst consensus remains a "Hold" with an average target of $15.50.

TFS Financial (NASDAQ:TFSL - Get Free Report) had its price target hoisted by research analysts at Piper Sandler from $15.00 to $16.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. Piper Sandler's target price suggests a potential upside of 5.17% from the stock's previous close.

TFSL has been the subject of several other research reports. Wall Street Zen downgraded TFS Financial from a "hold" rating to a "sell" rating in a research note on Saturday, January 31st. Keefe, Bruyette & Woods upped their price objective on TFS Financial from $14.00 to $15.00 and gave the company a "market perform" rating in a research note on Monday. Zacks Research raised TFS Financial to a "hold" rating in a research note on Monday, January 19th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of TFS Financial in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.50.

TFS Financial Trading Up 1.2%

Shares of TFS Financial stock traded up $0.18 on Monday, hitting $15.21. The stock had a trading volume of 169,255 shares, compared to its average volume of 731,875. The stock has a 50 day moving average of $14.23 and a 200 day moving average of $14.08. TFS Financial has a twelve month low of $12.53 and a twelve month high of $15.58. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $4.27 billion, a P/E ratio of 46.11 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. TFS Financial had a return on equity of 4.91% and a net margin of 11.42%.The company had revenue of $85.24 million during the quarter, compared to the consensus estimate of $84.70 million. Sell-side analysts expect that TFS Financial will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $14.95, for a total transaction of $224,250.00. Following the completion of the sale, the chief financial officer owned 52,236 shares of the company's stock, valued at approximately $780,928.20. This represents a 22.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marc A. Stefanski sold 36,844 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $15.12, for a total transaction of $557,081.28. Following the sale, the chief executive officer directly owned 71,997 shares of the company's stock, valued at $1,088,594.64. This represents a 33.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 78,000 shares of company stock worth $1,164,986. Company insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On TFS Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC bought a new position in shares of TFS Financial during the 3rd quarter worth approximately $27,000. Empowered Funds LLC bought a new position in shares of TFS Financial during the 4th quarter worth approximately $28,000. Comerica Bank boosted its holdings in shares of TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank's stock worth $33,000 after buying an additional 1,773 shares in the last quarter. Danske Bank A S bought a new position in shares of TFS Financial during the 3rd quarter worth approximately $47,000. Finally, Elevation Wealth Partners LLC bought a new position in shares of TFS Financial during the 4th quarter worth approximately $49,000. 9.81% of the stock is currently owned by institutional investors.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank's lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.

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