TFS Financial (NASDAQ:TFSL – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Wednesday, June 24th. Keefe, Bruyette & Woods raised their price objective on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Finally, Piper Sandler lifted their price objective on shares of TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TFS Financial presently has an average rating of “Hold” and an average price target of $15.50.
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TFS Financial Stock Performance
TFS Financial (NASDAQ:TFSL – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. The company had revenue of $89.27 million during the quarter, compared to analyst estimates of $87.05 million. Analysts expect that TFS Financial will post 0.34 earnings per share for the current year.
Insider Activity at TFS Financial
In other TFS Financial news, CFO Meredith S. Weil sold 4,316 shares of TFS Financial stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $16.80, for a total transaction of $72,508.80. Following the completion of the sale, the chief financial officer owned 38,480 shares of the company’s stock, valued at $646,464. This trade represents a 10.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel F. Weir bought 7,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $15.85 per share, with a total value of $110,950.00. Following the purchase, the director directly owned 49,943 shares in the company, valued at approximately $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 35,000 shares of company stock worth $529,200 and have sold 38,777 shares worth $595,709. 0.72% of the stock is currently owned by corporate insiders.
Institutional Trading of TFS Financial
A number of institutional investors have recently bought and sold shares of TFSL. Empowered Funds LLC purchased a new position in TFS Financial in the fourth quarter valued at about $28,000. Comerica Bank raised its stake 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 purchasing an additional 1,773 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 purchasing an additional 841 shares in the last quarter. Danske Bank A S acquired a new stake in shares of TFS Financial during the 3rd quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of TFS Financial by 913.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock valued at $68,000 after buying an additional 4,731 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.
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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