TFS Financial (NASDAQ:TFSL) Insider Sells $152,600.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Cathy Zbanek sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $15.26, for a total transaction of $152,600.00. Following the completion of the transaction, the insider owned 61,101 shares of the company’s stock, valued at approximately $932,401.26. The trade was a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TFS Financial Trading Up 1.1%

Shares of TFSL stock traded up $0.17 during trading hours on Wednesday, reaching $15.61. 317,675 shares of the stock traded hands, compared to its average volume of 769,967. 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 firm has a market capitalization of $4.38 billion, a PE ratio of 47.29 and a beta of 0.70. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $15.72. The business has a fifty day moving average price of $14.42 and a 200 day moving average price of $14.22.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, April 30th. The bank reported $0.08 EPS 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 business had revenue of $85.24 million during the quarter, compared to analysts’ expectations of $84.70 million. On average, equities research analysts forecast 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 was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.2%. TFS Financial’s payout ratio is 342.42%.

Hedge Funds Weigh In On TFS Financial

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of TFS Financial during the fourth quarter valued at about $28,000. Comerica Bank lifted its stake in 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 purchasing an additional 1,773 shares during the period. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 841 shares during the period. Danske Bank A S acquired a new stake in TFS Financial during the third quarter valued at approximately $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in TFS Financial during the fourth quarter valued at approximately $49,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Piper Sandler upped their price target on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods raised their price objective on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

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.