TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 4,316 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,316 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $16.80, for a total value of $72,508.80. Following the completion of the sale, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at approximately $646,464. This trade represents a 10.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $16.92 on Friday. The company has a market cap of $4.74 billion, a PE ratio of 51.27 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. The business has a 50 day moving average price of $15.33 and a 200-day moving average price of $14.54. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $17.00.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%. Equities analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.7%. TFS Financial’s dividend payout ratio is currently 342.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position 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 buying an additional 770 shares during the last quarter. Legal & General Group Plc lifted its position 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 buying an additional 789 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 841 shares during the last quarter. Prasad Wealth Partners LLC lifted its position 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 buying an additional 971 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its position 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 buying an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Analyst Upgrades and Downgrades

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