TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 4,105 Shares

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,105 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.91, for a total transaction of $65,310.55. Following the sale, the chief financial officer owned 38,480 shares of the company’s stock, valued at approximately $612,216.80. The trade was a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TFS Financial Stock Up 3.0%

TFSL stock opened at $16.33 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $16.39. The firm has a fifty day moving average price of $14.99 and a two-hundred day moving average price of $14.42. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 49.49 and a beta of 0.72.

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

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.2825 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.9%. TFS Financial’s payout ratio is presently 342.42%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TFSL. Keefe, Bruyette & Woods boosted their target price on shares of 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 boosted their target price on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. Finally, Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.50.

Hedge Funds Weigh In On TFS Financial

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC bought a new position in shares of TFS Financial during the fourth quarter worth about $28,000. Comerica Bank grew its position in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Danske Bank A S bought a new position in shares of TFS Financial during the third quarter worth about $47,000. Finally, Elevation Wealth Partners LLC bought a new position in shares of TFS Financial during the fourth quarter worth about $49,000. Institutional investors 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.