TFS Financial (NASDAQ:TFSL) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• TFS Financial's stock price has recently crossed above its 200-day moving average, indicating potential bullish momentum as it reached a high of $13.54 during trading.
• The company declared a quarterly dividend of $0.2825 per share, translating to an annualized dividend of $1.13 and a yield of 8.5%, despite a high payout ratio of 389.66%.
• Analysts maintain a consensus rating of "Hold" for the stock, with a target price set at $15.00, reflecting cautious optimism among investors.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.99 and traded as high as $13.54. TFS Financial shares last traded at $13.36, with a volume of 330,427 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TFS Financial in a report on Saturday, September 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $15.00.

TFS Financial Price Performance

The business's fifty day simple moving average is $13.29 and its 200-day simple moving average is $12.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The firm has a market cap of $3.75 billion, a P/E ratio of 46.07 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The business had revenue of $82.04 million for the quarter, compared to analysts' expectations of $80.30 million. As a group, analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Wednesday, September 10th. TFS Financial's payout ratio is 389.66%.

Insider Activity

In other news, CEO Marc A. Stefanski sold 7,200 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel F. Weir sold 3,900 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $13.37, for a total transaction of $52,143.00. Following the transaction, the director owned 14,941 shares of the company's stock, valued at $199,761.17. This trade represents a 20.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,100 shares of company stock worth $516,267. Company insiders own 0.95% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of TFS Financial by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank's stock valued at $19,953,000 after purchasing an additional 46,080 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in TFS Financial by 6.4% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank's stock worth $17,206,000 after acquiring an additional 84,002 shares in the last quarter. Geode Capital Management LLC grew its position in TFS Financial by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank's stock worth $14,949,000 after acquiring an additional 23,622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TFS Financial by 5.4% in 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 acquiring an additional 52,350 shares in the last quarter. Finally, Norges Bank purchased a new position in TFS Financial in the second quarter worth $5,220,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

About TFS Financial

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.

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