TFS Financial (NASDAQ:TFSL) Now Covered by Piper Sandler

Equities research analysts at Piper Sandler started coverage on shares of TFS Financial (NASDAQ:TFSL) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a “hold” rating and a $15.00 price target on the bank’s stock. Piper Sandler’s target price would indicate a potential upside of 6.01% from the company’s previous close.

TFSL has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

TFS Financial Trading Up 0.1%

TFS Financial stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.53 and a current ratio of 1.54. The business’s 50-day simple moving average is $13.92 and its 200-day simple moving average is $13.50. The firm has a market capitalization of $3.97 billion, a PE ratio of 44.22 and a beta of 0.73. TFS Financial has a 52 week low of $11.29 and a 52 week high of $14.73.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $85.48 million during the quarter, compared to the consensus estimate of $84.36 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%. Equities research analysts forecast that TFS Financial will post 0.29 earnings per share for the current year.

Insider Buying and Selling at TFS Financial

In other news, CFO Meredith S. Weil sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total value of $207,750.00. Following the sale, the chief financial officer owned 48,527 shares in the company, valued at approximately $672,098.95. The trade was a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew J. Rubino sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $14.23, for a total transaction of $71,150.00. Following the sale, the chief operating officer directly owned 19,126 shares of the company’s stock, valued at approximately $272,162.98. The trade was a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,600 shares of company stock worth $665,316 in the last three months. 0.95% of the stock is currently owned by company insiders.

Institutional Trading of TFS Financial

Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after acquiring an additional 789 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of TFS Financial by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock valued at $256,000 after buying an additional 1,057 shares during the period. Ameriprise Financial Inc. raised its stake in TFS Financial by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,202 shares of the bank’s stock worth $174,000 after buying an additional 1,147 shares during the period. Parallel Advisors LLC lifted its holdings in TFS Financial by 5.4% during the second quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock worth $334,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after acquiring an additional 1,353 shares during the period. 9.81% of the stock is 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.