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

TFS Financial Corporation (NASDAQ:TFSL) insider Gavin Stefanski sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total transaction of $119,275.00. Following the transaction, the insider directly owned 19,266 shares of the company’s stock, valued at $353,531.10. This represents a 25.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TFS Financial Stock Down 1.1%

Shares of TFSL traded down $0.20 during mid-day trading on Friday, reaching $17.66. The company had a trading volume of 480,439 shares, compared to its average volume of 830,640. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a 50-day moving average price of $17.40 and a 200 day moving average price of $15.57. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $19.49. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 49.05 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, beating 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 5.36% and a net margin of 12.36%. On average, sell-side analysts forecast that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in TFS Financial by 19.2% during the first quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock valued at $215,000 after purchasing an additional 2,790 shares during the period. Goldman Sachs Group Inc. grew its position in TFS Financial by 64.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock worth $1,139,000 after purchasing an additional 36,004 shares during the period. Empowered Funds LLC raised its stake in TFS Financial by 14.7% during the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock valued at $299,000 after buying an additional 3,102 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in TFS Financial by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock valued at $2,537,000 after buying an additional 26,949 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of TFS Financial during the 1st quarter valued at $159,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

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.