TFS Financial (NASDAQ:TFSL) Director Purchases $313,110.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir purchased 21,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the purchase, the director directly owned 51,043 shares in the company, valued at $761,051.13. The trade was a 69.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Trading Down 0.4%

Shares of TFS Financial stock traded down $0.07 during mid-day trading on Wednesday, hitting $14.93. 725,650 shares of the stock were exchanged, compared to its average volume of 754,344. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $15.58. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 45.21 and a beta of 0.70. The company has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $14.16. The company has a current ratio of 1.58, a quick ratio of 1.55 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $84.70 million. Research analysts forecast that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.6%. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TFSL shares. Piper Sandler raised their target price 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. Keefe, Bruyette & Woods raised their target price 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. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Zacks Research raised shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. 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, the stock has an average rating of “Hold” and a consensus price target of $15.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TFSL. Quent Capital LLC purchased a new position in TFS Financial in the third quarter valued at approximately $27,000. Empowered Funds LLC purchased a new stake in shares of TFS Financial during the fourth quarter valued at approximately $28,000. Comerica Bank raised its stake in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,773 shares during the period. Danske Bank A S purchased a new stake in shares of TFS Financial during the third quarter valued at approximately $47,000. Finally, Elevation Wealth Partners LLC purchased a new stake in shares of TFS Financial during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

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.