TFS Financial (NASDAQ:TFSL) Trading 7.7% Higher – Here’s Why

TFS Financial Co. (NASDAQ:TFSL) shares were up 7.7% during mid-day trading on Friday . The stock traded as high as $13.71 and last traded at $13.78. Approximately 55,676 shares changed hands during trading, a decline of 78% from the average daily volume of 256,770 shares. The stock had previously closed at $12.79.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and issued a $15.00 price objective on shares of TFS Financial in a research note on Friday, November 22nd.

TFS Financial Price Performance

The company has a 50 day moving average of $13.01 and a 200 day moving average of $13.18. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 50.78 and a beta of 0.71.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. As a group, equities research analysts anticipate that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.13 annualized dividend and a dividend yield of 8.24%. TFS Financial’s dividend payout ratio (DPR) is currently 418.53%.

Hedge Funds Weigh In On TFS Financial

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of TFS Financial by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after acquiring an additional 22,777 shares in the last quarter. Pathstone Holdings LLC lifted its stake in TFS Financial by 34.5% during the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock worth $2,100,000 after purchasing an additional 41,930 shares during the last quarter. Kestra Investment Management LLC acquired a new position in TFS Financial in the third quarter valued at approximately $1,693,000. Atom Investors LP purchased a new position in TFS Financial in the third quarter valued at approximately $940,000. Finally, Readystate Asset Management LP acquired a new stake in TFS Financial during the third quarter worth approximately $866,000. Hedge funds and other 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.