Insider Selling: TFS Financial (NASDAQ:TFSL) CFO Sells $65,310.55 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,105 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $15.91, for a total transaction of $65,310.55. Following the sale, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at $612,216.80. The trade was a 9.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TFS Financial Price Performance

TFS Financial stock opened at $16.42 on Friday. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $16.50. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 49.76 and a beta of 0.72. The company has a fifty day simple moving average of $15.05 and a 200-day simple moving average of $14.43. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $84.70 million. On average, equities analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.9%. TFS Financial’s dividend payout ratio is presently 342.42%.

Wall Street Analyst Weigh In

TFSL has been the topic of several analyst reports. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a report 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 report on Monday, May 4th. Piper Sandler lifted their price target on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a report 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TFSL. Empowered Funds LLC purchased a new position in shares of TFS Financial during the 4th quarter worth $28,000. Comerica Bank raised its holdings in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after buying an additional 1,773 shares during the period. EverSource Wealth Advisors LLC raised its holdings in TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after buying an additional 841 shares during the period. Danske Bank A S purchased a new stake in TFS Financial in the 3rd quarter valued at about $47,000. Finally, Elevation Wealth Partners LLC purchased a new stake in TFS Financial in the 4th quarter valued at about $49,000. Hedge funds and other 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.