TFS Financial Corporation (NASDAQ:TFSL – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $17.00 and last traded at $17.0050, with a volume of 317051 shares. The stock had previously closed at $16.88.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TFSL. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Keefe, Bruyette & Woods upped 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. Finally, Piper Sandler raised 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 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 stock has a consensus rating of “Hold” and an average price target of $15.50.
View Our Latest Stock Report on TFSL
TFS Financial Trading Up 0.3%
TFS Financial (NASDAQ:TFSL – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $85.24 million for the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%. On average, equities research analysts predict that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.
TFS Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Wednesday, June 10th. TFS Financial’s dividend payout ratio is 342.42%.
Insider Buying and Selling
In other TFS Financial news, CFO Meredith S. Weil sold 13,756 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $14.91, for a total transaction of $205,101.96. Following the sale, the chief financial officer directly owned 38,480 shares in the company, valued at $573,736.80. This represents a 26.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Andrew J. Rubino sold 6,600 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $15.18, for a total transaction of $100,188.00. Following the completion of the transaction, the chief operating officer directly owned 21,310 shares in the company, valued at approximately $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 35,000 shares of company stock worth $529,200 and have sold 38,777 shares worth $595,709. Company insiders own 0.72% of the company’s stock.
Institutional Trading of TFS Financial
A number of institutional investors and hedge funds have recently made changes to their positions in TFSL. Empowered Funds LLC acquired a new stake in shares of TFS Financial during the 4th quarter worth approximately $28,000. Comerica Bank raised its position in 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares in the last quarter. Danske Bank A S bought a new stake in TFS Financial during the third quarter worth $47,000. Finally, Elevation Wealth Partners LLC bought a new stake in TFS Financial during the fourth quarter worth $49,000. 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.
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