Meredith Weil Sells 4,105 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,105 shares of TFS Financial stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.91, for a total transaction of $65,310.55. Following the completion of the sale, the chief financial officer owned 38,480 shares of the company’s stock, valued at $612,216.80. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TFS Financial Stock Up 0.6%

TFSL stock opened at $16.42 on Friday. The firm has a 50 day moving average of $15.05 and a 200 day moving average of $14.43. The stock has a market capitalization of $4.60 billion, a PE ratio of 49.76 and a beta of 0.72. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $16.50.

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 4.89%. The company had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. Sell-side analysts forecast that TFS Financial Corporation will post 0.34 earnings per share for the current year.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given 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 6.9%. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On TFS Financial

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of 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 in the last quarter. Legal & General Group Plc increased its holdings in shares of TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after purchasing an additional 789 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares in the last quarter. Prasad Wealth Partners LLC increased its holdings in shares of TFS Financial by 9.0% during the 4th quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock valued at $158,000 after purchasing an additional 971 shares in the last quarter. Finally, Kestra Investment Management LLC increased its holdings in shares of TFS Financial by 0.5% during the 4th quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock valued at $2,870,000 after purchasing an additional 1,017 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

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.