TFS Financial (NASDAQ:TFSL) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• TFS Financial shares crossed above their 200-day moving average, reaching $17.00 before closing at $16.70, compared with the 200-day average of $16.22.
• Analyst sentiment remains cautious: the stock carries a consensus “Hold” rating and an average price target of $19.00, though several firms recently raised their targets or upgraded their ratings.
• The company exceeded quarterly earnings and revenue estimates and raised its quarterly dividend to $0.3175 per share, producing an annualized yield of about 7.6%; however, insiders sold 17,100 shares in the last quarter.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.22 and traded as high as $17.00. TFS Financial shares last traded at $16.70, with a volume of 687,093 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TFSL. Weiss Ratings upgraded shares of TFS Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $18.00 target price (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of TFS Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Piper Sandler boosted their price target on shares of TFS Financial from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. 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, TFS Financial currently has an average rating of "Hold" and an average target price of $19.00.

TFS Financial Stock Down 0.7%

The company has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $16.22. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97. The company has a market capitalization of $4.68 billion, a P/E ratio of 46.39 and a beta of 0.69.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $89.27 million during the quarter, compared to analyst estimates of $87.05 million. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%. As a group, equities analysts predict that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.3175 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from TFS Financial's previous quarterly dividend of $0.28. This represents a $1.27 annualized dividend and a yield of 7.6%. TFS Financial's payout ratio is presently 352.78%.

Insiders Place Their Bets

In other news, insider Bradley T. Stefanski sold 10,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the sale, the insider owned 38,720 shares in the company, valued at approximately $655,916.80. This trade represents a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gavin B. Stefanski sold 6,500 shares of TFS Financial stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.35, for a total transaction of $119,275.00. Following the transaction, the insider directly owned 19,266 shares of the company's stock, valued at approximately $353,531.10. This represents a 25.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,100 shares of company stock worth $299,475 in the last quarter. Company insiders own 0.72% of the company's stock.

Institutional Trading of TFS Financial

Several institutional investors have recently added to or reduced their stakes in TFSL. Toth Financial Advisory Corp purchased a new position in shares of TFS Financial during the second quarter valued at approximately $35,000. Allworth Financial LP purchased a new stake in shares of TFS Financial in the second quarter worth approximately $36,000. Global Retirement Partners LLC bought a new stake in shares of TFS Financial during the 2nd quarter worth approximately $44,000. EverSource Wealth Advisors LLC lifted its stake in shares of TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank's stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in TFS Financial during the 2nd quarter valued at $75,000. Institutional investors own 9.81% of the company's stock.

TFS Financial Company Profile

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Third Federal serves consumers primarily through retail banking and residential lending activities.

The company offers deposit products such as savings accounts, checking accounts, certificates of deposit and money market accounts. Its lending portfolio is focused mainly on residential real estate, including home purchase and refinance mortgages, home equity loans and lines of credit, and other loans secured by residential property.

Third Federal operates branches in Ohio and Florida and also provides mortgage lending services through additional channels.

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