TFS Financial (NASDAQ:TFSL) CFO Sells $72,508.80 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,316 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $16.80, for a total value of $72,508.80. Following the transaction, the chief financial officer owned 38,480 shares in the company, valued at $646,464. This trade represents a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TFS Financial Trading Up 0.5%

NASDAQ TFSL traded up $0.09 during trading hours on Friday, hitting $16.89. 408,166 shares of the company’s stock were exchanged, compared to its average volume of 791,115. The business’s 50 day moving average is $15.28 and its 200-day moving average is $14.52. TFS Financial Corporation has a 12-month low of $12.53 and a 12-month high of $17.00. The firm has a market capitalization of $4.74 billion, a P/E ratio of 51.14 and a beta of 0.72. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share 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 firm had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. As a group, analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 6.7%. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Hedge Funds Weigh In On TFS Financial

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC purchased a new stake in shares of TFS Financial during the 4th quarter valued at about $28,000. Comerica Bank increased its stake in TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after buying an additional 1,773 shares during the period. EverSource Wealth Advisors LLC increased its stake in TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after buying an additional 841 shares during the period. Danske Bank A S purchased a new stake in TFS Financial during the 3rd quarter worth $47,000. Finally, Elevation Wealth Partners LLC purchased a new stake in TFS Financial during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TFSL. Piper Sandler increased their price target on shares of TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Wall Street Zen downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Keefe, Bruyette & Woods raised their price objective on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.50.

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.