TFS Financial (NASDAQ:TFSL) Insider Gavin Stefanski Sells 6,500 Shares

TFS Financial Corporation (NASDAQ:TFSL) insider Gavin Stefanski sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $18.35, for a total value of $119,275.00. Following the completion of the sale, the insider owned 19,266 shares of the company’s stock, valued at approximately $353,531.10. This trade represents a 25.23% 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 Trading Down 1.5%

Shares of TFSL stock opened at $17.59 on Friday. TFS Financial Corporation has a 12 month low of $12.53 and a 12 month high of $19.49. The company has a market cap of $4.93 billion, a PE ratio of 48.86 and a beta of 0.70. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The business’s 50 day moving average is $17.43 and its two-hundred day moving average is $15.58.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. Equities analysts predict that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 6.4%. TFS Financial’s payout ratio is currently 313.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TFSL shares. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research note on Monday, August 3rd. Piper Sandler boosted their price objective on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.00.

Hedge Funds Weigh In On TFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in TFS Financial by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock valued at $113,000 after purchasing an additional 770 shares during the last quarter. Legal & General Group Plc boosted its position in TFS Financial by 1.3% in the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after buying an additional 789 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 841 shares during the last quarter. Prasad Wealth Partners LLC grew its stake in TFS Financial by 9.0% during the fourth quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock worth $158,000 after buying an additional 971 shares during the last quarter. Finally, Kestra Investment Management LLC increased its holdings in shares of TFS Financial by 0.5% during the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after buying an additional 1,017 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

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.