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

TFS Financial (NASDAQ:TFSL)‘s stock had its “neutral” rating reiterated by stock analysts at Piper Sandler in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $15.00 price objective on the bank’s stock. Piper Sandler’s target price would suggest a potential upside of 3.31% from the company’s current price.

TFS Financial Stock Performance

TFSL opened at $14.52 on Friday. TFS Financial has a 1-year low of $11.70 and a 1-year high of $15.25. The stock has a market cap of $4.08 billion, a P/E ratio of 53.78 and a beta of 0.68. The stock’s 50 day simple moving average is $13.25 and its 200 day simple moving average is $13.10. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share 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 company had revenue of $194.94 million for the quarter. During the same period last year, the company posted $0.07 EPS.

Insider Activity

In related news, CEO Marc A. Stefanski sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total value of $256,400.00. Following the sale, the chief executive officer now owns 37,150 shares of the company’s stock, valued at approximately $476,263. This represents a 35.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

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

TFS Financial Company Profile

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.