Piper Sandler Reaffirms Neutral Rating for TFS Financial (NASDAQ:TFSL)

Piper Sandler restated their neutral rating on shares of TFS Financial (NASDAQ:TFSL) in a research note published on Friday, MarketBeat.com reports. They currently have a $15.00 price target on the bank’s stock.

TFS Financial Price Performance

Shares of NASDAQ TFSL opened at $14.53 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52. The business’s 50 day moving average price is $13.27 and its two-hundred day moving average price is $13.11. The company has a market cap of $4.08 billion, a PE ratio of 53.82 and a beta of 0.68. TFS Financial has a twelve month low of $11.70 and a twelve month high of $15.25.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. TFS Financial had a return on equity of 4.20% and a net margin of 10.49%. The business had revenue of $194.94 million during the quarter. During the same period in the prior year, the business earned $0.07 EPS.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend is Tuesday, December 3rd. TFS Financial’s payout ratio is 418.53%.

Insider Buying and Selling

In related news, CEO Marc A. Stefanski sold 20,000 shares of TFS Financial stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the completion of the sale, the chief executive officer now owns 37,150 shares of the company’s stock, valued at approximately $476,263. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.13% of the stock is currently owned by insiders.

Institutional Trading of TFS Financial

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in TFS Financial by 65.0% during the first quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock worth $29,000 after buying an additional 917 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of TFS Financial by 44.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after purchasing an additional 976 shares during the period. SG Americas Securities LLC raised its stake in TFS Financial by 12.6% in the second quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock valued at $154,000 after purchasing an additional 1,361 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in TFS Financial by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank’s stock worth $371,000 after purchasing an additional 1,754 shares during the period. Finally, Inspire Investing LLC grew its stake in TFS Financial by 14.8% during the third quarter. Inspire Investing LLC now owns 31,945 shares of the bank’s stock worth $411,000 after buying an additional 4,107 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

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.