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

Piper Sandler reissued their neutral rating on shares of TFS Financial (NASDAQ:TFSL) in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage currently has a $15.00 price target on the bank’s stock.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $14.52 on Friday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 53.78 and a beta of 0.68. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The business’s fifty day simple moving average is $13.25 and its 200 day simple moving average is $13.10. TFS Financial has a 12 month low of $11.70 and a 12 month high of $15.25.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. The company had revenue of $194.94 million for the quarter. During the same period last year, the firm posted $0.07 earnings per share.

TFS Financial Dividend Announcement

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

Insider Activity at TFS Financial

In other TFS Financial news, CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction 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 directly owns 37,150 shares in the company, valued at $476,263. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On TFS Financial

Several large investors have recently added to or reduced their stakes in TFSL. Geode Capital Management LLC boosted its position in TFS Financial by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after purchasing an additional 22,777 shares during the period. Readystate Asset Management LP purchased a new stake in shares of TFS Financial during the 3rd quarter valued at approximately $866,000. Atom Investors LP bought a new position in TFS Financial in the 3rd quarter worth approximately $940,000. Paloma Partners Management Co purchased a new position in TFS Financial in the 3rd quarter valued at approximately $252,000. Finally, Kestra Investment Management LLC bought a new stake in TFS Financial during the 3rd quarter valued at $1,693,000. 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.