Daniel Weir Acquires 7,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $15.02 per share, with a total value of $105,140.00. Following the purchase, the director owned 42,943 shares in the company, valued at $645,003.86. This represents a 19.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Stock Performance

TFSL opened at $15.31 on Friday. The company has a market cap of $4.29 billion, a PE ratio of 46.40 and a beta of 0.70. The stock has a 50-day moving average of $14.36 and a 200-day moving average of $14.20. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $15.58. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.55 and a current ratio of 1.58.

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

TFS Financial Dividend Announcement

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

Wall Street Analyst Weigh In

TFSL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Piper Sandler increased their target price on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded TFS Financial to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.50.

Hedge Funds Weigh In On TFS Financial

Large investors have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in TFS Financial in the 3rd quarter valued at approximately $27,000. Empowered Funds LLC acquired a new position in TFS Financial in the 4th quarter valued at approximately $28,000. Comerica Bank raised its holdings in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,773 shares in the last quarter. Danske Bank A S acquired a new position in TFS Financial in the 3rd quarter valued at approximately $47,000. Finally, Elevation Wealth Partners LLC acquired a new position in TFS Financial in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Company Profile

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.