TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 600 Shares

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 600 shares of TFS Financial stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $18.00, for a total value of $10,800.00. Following the completion of the sale, the chief financial officer owned 38,480 shares in the company, valued at approximately $692,640. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

TFS Financial Price Performance

TFSL opened at $17.47 on Tuesday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a market capitalization of $4.90 billion, a PE ratio of 48.53 and a beta of 0.70. The stock’s 50 day moving average price is $17.80 and its 200-day moving average price is $15.94. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $19.49.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $89.27 million during the quarter, compared to analyst estimates of $87.05 million. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%. On average, equities research analysts predict that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.28. TFS Financial’s payout ratio is presently 313.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TFSL. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. Weiss Ratings upgraded TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Piper Sandler increased their target price on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.00.

Hedge Funds Weigh In On TFS Financial

A number of institutional investors and hedge funds have recently made changes to their positions in TFSL. UBS Group AG increased its holdings in shares of TFS Financial by 28.2% during the fourth quarter. UBS Group AG now owns 499,893 shares of the bank’s stock valued at $6,689,000 after acquiring an additional 110,104 shares in the last quarter. Gator Capital Management LLC bought a new position in TFS Financial in the 4th quarter worth about $6,290,000. Bank of America Corp DE grew its position in TFS Financial by 27.1% during the 1st quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock valued at $14,181,000 after purchasing an additional 215,491 shares during the last quarter. Beverly Hills Private Wealth LLC purchased a new stake in TFS Financial during the 2nd quarter valued at about $6,631,000. Finally, Dimensional Fund Advisors LP increased its stake in TFS Financial by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock valued at $43,324,000 after purchasing an additional 152,041 shares in the last quarter. 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.