TFS Financial (NASDAQ:TFSL) Given New $15.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised its price target on TFS Financial to $15.00 (from $14.00) and keeps a "market perform" rating; the stock's consensus analyst rating is Hold with a consensus target of $15.00.
• TFS Financial reported $0.08 EPS for the quarter (in line with estimates) and $85.24M in revenue (slightly above estimates); the shares trade near $15 with a P/E of about 45.6 and a 52-week range of $12.53–$15.43.
• Insider selling has been notable—about 78,000 shares sold in the last 90 days (including CEO Marc Stefanski), leaving insiders with 0.72% ownership, while institutional investors have modestly increased holdings (institutional ownership ~9.81%).

TFS Financial (NASDAQ:TFSL - Get Free Report) had its target price lifted by Keefe, Bruyette & Woods from $14.00 to $15.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' target price would indicate a potential downside of 0.20% from the company's current price.

A number of other analysts have also recently weighed in on TFSL. Zacks Research raised shares of TFS Financial to a "hold" rating in a research note on Monday, January 19th. Wall Street Zen cut shares of TFS Financial from a "hold" rating to a "sell" rating in a research note on Saturday, January 31st. Weiss Ratings reissued a "buy (b-)" rating on shares of TFS Financial in a research note on Friday, March 27th. Finally, Piper Sandler began coverage on shares of TFS Financial in a research note on Friday, January 16th. They issued a "neutral" rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, TFS Financial has a consensus rating of "Hold" and a consensus price target of $15.00.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $15.03 on Monday. The firm's 50-day moving average is $14.23 and its 200-day moving average is $14.08. TFS Financial has a 52-week low of $12.53 and a 52-week high of $15.43. 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 company has a market cap of $4.22 billion, a price-to-earnings ratio of 45.55 and a beta of 0.70.

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

Insider Transactions at TFS Financial

In other TFS Financial news, CEO Marc A. Stefanski sold 36,844 shares of the business's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $15.12, for a total value of $557,081.28. Following the transaction, the chief executive officer directly owned 71,997 shares in the company, valued at $1,088,594.64. The trade was a 33.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gavin B. Stefanski sold 7,000 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $14.97, for a total transaction of $104,790.00. Following the completion of the transaction, the insider owned 25,766 shares in the company, valued at approximately $385,717.02. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 78,000 shares of company stock valued at $1,164,986. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On TFS Financial

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of TFS Financial by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,931,751 shares of the bank's stock worth $39,227,000 after purchasing an additional 65,669 shares in the last quarter. Lakewood Capital Management LP lifted its position in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank's stock worth $33,377,000 after purchasing an additional 420,000 shares in the last quarter. State Street Corp lifted its position in shares of TFS Financial by 24.6% during the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank's stock worth $26,305,000 after purchasing an additional 387,992 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of TFS Financial by 23.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank's stock worth $25,011,000 after purchasing an additional 352,093 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TFS Financial by 5.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank's stock worth $13,197,000 after purchasing an additional 52,350 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 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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