Meredith Weil Sells 4,316 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSLGet Free Report) CFO Meredith Weil sold 4,316 shares of TFS Financial stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $16.80, for a total transaction of $72,508.80. Following the transaction, the chief financial officer directly owned 38,480 shares in the company, valued at $646,464. The trade was a 10.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TFS Financial Stock Up 0.7%

TFS Financial stock opened at $16.92 on Friday. The company’s 50 day simple moving average is $15.33 and its 200 day simple moving average is $14.54. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $17.00. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 51.27 and a beta of 0.72. 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 released its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share 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 business had revenue of $85.24 million for the quarter, compared to analyst estimates of $84.70 million. As a group, sell-side analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 6.7%. TFS Financial’s payout ratio is presently 342.42%.

Institutional Trading of TFS Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of TFS Financial by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock valued at $43,324,000 after purchasing an additional 152,041 shares during the last quarter. Lakewood Capital Management LP raised its holdings in shares of TFS Financial by 19.9% in the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after purchasing an additional 420,000 shares during the last quarter. State Street Corp raised its holdings in shares of TFS Financial by 24.6% in the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after purchasing an additional 387,992 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TFS Financial by 23.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after purchasing an additional 352,093 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TFS Financial by 5.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock valued at $13,197,000 after purchasing an additional 52,350 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on TFSL. Wall Street Zen lowered shares of 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 shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Piper Sandler lifted their price target on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” 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 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, TFS Financial presently has a consensus rating of “Hold” and an average target price of $15.50.

Read Our Latest Research Report on TFSL

About TFS Financial

(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.

Further Reading

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

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