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

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

TFS Financial Stock Performance

NASDAQ TFSL traded down $0.15 during midday trading on Monday, hitting $17.38. The company had a trading volume of 408,437 shares, compared to its average volume of 830,452. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $19.49. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 48.28 and a beta of 0.70. The firm has a fifty day simple moving average of $17.78 and a two-hundred day simple moving average of $15.92.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. Equities analysts forecast that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on TFSL. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Piper Sandler lifted their price objective on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Finally, Weiss Ratings raised TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.00.

Institutional Investors Weigh In On TFS Financial

Several large investors have recently bought and sold shares of TFSL. Wells Fargo & Company MN increased its position in shares of TFS Financial by 10.1% during the fourth quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock worth $113,000 after acquiring an additional 770 shares in the last quarter. Legal & General Group Plc lifted its position in TFS Financial by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after acquiring an additional 789 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in TFS Financial by 45.1% in the 1st 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. Kestra Investment Management LLC boosted its stake in TFS Financial by 0.5% in the 4th quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after purchasing an additional 1,017 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in TFS Financial by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock worth $256,000 after purchasing an additional 1,057 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.