Daniel Weir Purchases 21,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir purchased 21,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the purchase, the director owned 51,043 shares of the company’s stock, valued at $761,051.13. This trade represents a 69.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Price Performance

Shares of TFSL stock opened at $15.32 on Friday. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 46.43 and a beta of 0.70. The business’s fifty day moving average is $14.34 and its 200 day moving average is $14.19. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $15.58. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The business had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. Research analysts expect that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Wednesday, March 11th. TFS Financial’s payout ratio is 342.42%.

Analyst Upgrades and Downgrades

TFSL has been the topic of several analyst reports. Wall Street Zen downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler boosted their target price on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods boosted their target price on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Zacks Research raised TFS Financial to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.50.

Institutional Investors Weigh In On TFS Financial

A number of large investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of TFS Financial by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 46,928 shares of the bank’s stock valued at $659,000 after purchasing an additional 2,141 shares during the period. Commonwealth Financial Services LLC purchased a new stake in TFS Financial in the first quarter worth about $153,000. Meeder Advisory Services Inc. increased its position in TFS Financial by 3.6% in the first quarter. Meeder Advisory Services Inc. now owns 36,939 shares of the bank’s stock worth $519,000 after buying an additional 1,282 shares in the last quarter. Dimensional Fund Advisors LP increased its position in TFS Financial by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock worth $43,324,000 after buying an additional 152,041 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in TFS Financial by 11.6% in the first quarter. Parallel Advisors LLC now owns 29,957 shares of the bank’s stock worth $421,000 after buying an additional 3,120 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.