TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) insider Bradley Stefanski sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the sale, the insider owned 38,720 shares in the company, valued at $655,916.80. The trade was a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TFS Financial Stock Down 0.2%
Shares of NASDAQ:TFSL opened at $17.07 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97. The stock has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $16.13. TFS Financial Corporation has a 12-month low of $12.53 and a 12-month high of $19.49. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 47.42 and a beta of 0.69.
TFS Financial (NASDAQ:TFSL – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%. On average, research analysts anticipate that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.
TFS Financial Increases Dividend
Wall Street Analyst Weigh In
Several research firms have issued reports on TFSL. Keefe, Bruyette & Woods restated a “market perform” rating and set a $18.00 target price (up from $16.00) on shares of TFS Financial in a research note on Monday, August 3rd. Weiss Ratings raised TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Piper Sandler upped their price objective on TFS Financial from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.00.
Read Our Latest Research Report on TFS Financial
Institutional Trading of TFS Financial
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new position in shares of TFS Financial during the 2nd quarter worth $358,000. Squarepoint Ops LLC increased its stake in shares of TFS Financial by 50.2% in the 2nd quarter. Squarepoint Ops LLC now owns 674,075 shares of the bank’s stock worth $11,945,000 after purchasing an additional 225,361 shares in the last quarter. Corient Private Wealth LP increased its stake in shares of TFS Financial by 4.1% in the 2nd quarter. Corient Private Wealth LP now owns 109,494 shares of the bank’s stock worth $1,940,000 after purchasing an additional 4,350 shares in the last quarter. Toth Financial Advisory Corp bought a new position in TFS Financial in the 2nd quarter worth $35,000. Finally, Archer Investment Corp bought a new position in TFS Financial in the 2nd quarter worth $119,000. 9.81% of the stock is owned by hedge funds and other institutional investors.
About TFS Financial
TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Third Federal serves consumers primarily through retail banking and residential lending activities.
The company offers deposit products such as savings accounts, checking accounts, certificates of deposit and money market accounts. Its lending portfolio is focused mainly on residential real estate, including home purchase and refinance mortgages, home equity loans and lines of credit, and other loans secured by residential property.
Third Federal operates branches in Ohio and Florida and also provides mortgage lending services through additional channels.
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