TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 13,756 Shares

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 13,756 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $14.91, for a total transaction of $205,101.96. Following the completion of the transaction, the chief financial officer owned 38,480 shares in the company, valued at approximately $573,736.80. The trade was a 26.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TFS Financial Stock Performance

Shares of TFS Financial stock traded up $0.16 during trading hours on Tuesday, reaching $15.03. The company’s stock had a trading volume of 1,439,733 shares, compared to its average volume of 748,202. The company’s 50 day simple moving average is $14.29 and its 200 day simple moving average is $14.15. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial Corporation has a one year low of $12.53 and a one year high of $15.58. The stock has a market cap of $4.21 billion, a P/E ratio of 45.55 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.91%. The company had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. As a group, analysts expect that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.5%. TFS Financial’s payout ratio is 342.42%.

Institutional Investors Weigh In On TFS Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lakewood Capital Management LP raised its stake in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after purchasing an additional 420,000 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of TFS Financial during the third quarter valued at about $498,000. SG Americas Securities LLC raised its stake in shares of TFS Financial by 253.0% during the fourth quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock valued at $749,000 after purchasing an additional 40,098 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of TFS Financial by 9.2% during the third quarter. Rafferty Asset Management LLC now owns 60,613 shares of the bank’s stock valued at $799,000 after purchasing an additional 5,113 shares in the last quarter. Finally, Compass Wealth Management LLC bought a new stake in shares of TFS Financial during the third quarter valued at about $216,000. 9.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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