TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) Director Daniel Weir purchased 21,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $14.91 per share, with a total value of $313,110.00. Following the transaction, the director directly owned 51,043 shares of the company’s stock, valued at approximately $761,051.13. This represents a 69.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TFS Financial Stock Down 0.4%
Shares of TFSL stock traded down $0.07 during mid-day trading on Wednesday, reaching $14.93. 725,650 shares of the company were exchanged, compared to its average volume of 754,344. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $15.58. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.55 and a current ratio of 1.58. The company has a market capitalization of $4.19 billion, a P/E ratio of 45.21 and a beta of 0.70. The business’s 50 day simple moving average is $14.31 and its 200 day simple moving average is $14.16.
TFS Financial (NASDAQ:TFSL – Get Free Report) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. The firm had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. Research analysts predict that TFS Financial Corporation will post 0.34 earnings per share for the current year.
TFS Financial Dividend Announcement
Analyst Upgrades and Downgrades
TFSL has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Zacks Research raised shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods upped their price objective on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. 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, Piper Sandler boosted 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TFS Financial presently has an average rating of “Hold” and a consensus price target of $15.50.
Read Our Latest Report on TFS Financial
Institutional Trading of TFS Financial
Several institutional investors and hedge funds have recently bought and sold shares of TFSL. Quent Capital LLC acquired a new stake in TFS Financial during the 3rd quarter worth about $27,000. Empowered Funds LLC acquired a new stake in TFS Financial during the 4th quarter worth about $28,000. Comerica Bank raised its holdings in TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after buying an additional 1,773 shares during the period. Danske Bank A S acquired a new stake in TFS Financial during the 3rd quarter worth about $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in TFS Financial during the 4th quarter worth about $49,000. Institutional investors and hedge funds 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.
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