TFS Financial Co. (NASDAQ:TFSL - Get Free Report)'s stock price rose 7.7% during mid-day trading on Friday . The company 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.
Separately, Piper Sandler restated a "neutral" rating and set a $15.00 price target on shares of TFS Financial in a research report on Friday, November 22nd.
Get Our Latest Research Report on TFS Financial
The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.57. The business has a fifty day simple moving average of $13.01 and a two-hundred day simple moving average of $13.18. The company has a market cap of $3.85 billion, a PE ratio of 50.78 and a beta of 0.71.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 predict that TFS Financial Co. will post 0.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.13 annualized dividend and a dividend yield of 8.24%. TFS Financial's dividend payout ratio is presently 418.53%.
Large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC raised its holdings in shares of TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock worth $46,000 after acquiring an additional 1,497 shares during the period. Empowered Funds LLC acquired a new stake in TFS Financial during the fourth quarter worth about $265,000. SG Americas Securities LLC raised its stake in TFS Financial by 47.4% during the fourth quarter. SG Americas Securities LLC now owns 13,962 shares of the bank's stock worth $175,000 after purchasing an additional 4,491 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TFS Financial by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank's stock valued at $368,000 after buying an additional 1,784 shares during the period. Finally, Geode Capital Management LLC grew its position in TFS Financial by 2.2% in the third 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 during the period. 9.81% of the stock is currently owned by hedge funds and other institutional investors.
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.
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