TFS Financial (NASDAQ:TFSL) Director Acquires $110,950.00 in Stock

TFS Financial Corporation (NASDAQ:TFSLGet Free Report) Director Daniel Weir acquired 7,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $15.85 per share, with a total value of $110,950.00. Following the completion of the transaction, the director directly owned 49,943 shares of the company’s stock, valued at approximately $791,596.55. This represents a 16.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TFS Financial Stock Down 1.2%

TFS Financial stock opened at $15.86 on Thursday. The stock has a market capitalization of $4.45 billion, a PE ratio of 48.06 and a beta of 0.72. TFS Financial Corporation has a 12 month low of $12.53 and a 12 month high of $16.20. The business has a 50 day simple moving average of $14.94 and a 200-day simple moving average of $14.40. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58.

TFS Financial (NASDAQ:TFSLGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $85.24 million during the quarter, compared to analysts’ expectations of $84.70 million. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%. On average, analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a $0.2825 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.1%. TFS Financial’s payout ratio is 342.42%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Keefe, Bruyette & Woods lifted their price target on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Read Our Latest Stock Report on TFSL

Institutional Trading of TFS Financial

Institutional investors have recently made changes to their positions in the company. UBS Group AG boosted its stake in TFS Financial by 28.2% during the fourth quarter. UBS Group AG now owns 499,893 shares of the bank’s stock worth $6,689,000 after buying an additional 110,104 shares during the last quarter. Lakewood Capital Management LP boosted its stake in TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after buying an additional 420,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in TFS Financial by 253.0% during the fourth quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock worth $749,000 after buying an additional 40,098 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in TFS Financial during the third quarter worth $498,000. Finally, Lineweaver Wealth Advisors LLC acquired a new position in TFS Financial during the fourth quarter worth $136,000. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for TFS Financial (NASDAQ:TFSL)

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