Meredith Weil Sells 600 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSLGet Free Report) CFO Meredith Weil sold 600 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $18.00, for a total transaction of $10,800.00. Following the completion of the sale, the chief financial officer directly owned 38,480 shares in the company, valued at $692,640. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

TFS Financial Stock Performance

Shares of TFSL stock opened at $17.38 on Wednesday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 48.28 and a beta of 0.69. TFS Financial Corporation has a one year low of $12.53 and a one year high of $19.49. The company has a 50 day moving average price of $17.81 and a 200 day moving average price of $15.95.

TFS Financial (NASDAQ:TFSLGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. Sell-side analysts anticipate that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a $0.3175 dividend. The ex-dividend date is Wednesday, September 9th. This is an increase from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 dividend on an annualized basis and a yield of 7.3%. TFS Financial’s payout ratio is 313.89%.

Institutional Investors Weigh In On TFS Financial

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in shares of TFS Financial by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock valued at $113,000 after buying an additional 770 shares during the period. Legal & General Group Plc boosted its holdings in TFS Financial by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after acquiring an additional 789 shares during the period. EverSource Wealth Advisors LLC grew its position in TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after acquiring an additional 841 shares in the last quarter. Kestra Investment Management LLC grew its position in TFS Financial by 0.5% in the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock valued at $2,870,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of TFS Financial by 5.7% during the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,057 shares during the period. Institutional investors and hedge funds own 9.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Piper Sandler increased their target price on shares of TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research note on Monday, August 3rd. Finally, Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.00.

View Our Latest Report on TFSL

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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