Insider Selling: TFS Financial (NASDAQ:TFSL) CFO Sells $72,508.80 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,316 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $16.80, for a total transaction of $72,508.80. Following the completion of the sale, the chief financial officer owned 38,480 shares in the company, valued at approximately $646,464. This trade represents a 10.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TFS Financial Price Performance

Shares of TFSL opened at $16.92 on Monday. The stock has a market cap of $4.74 billion, a PE ratio of 51.27 and a beta of 0.72. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $17.00. The firm’s 50-day simple moving average is $15.33 and its two-hundred day simple moving average is $14.54.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. Analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on TFSL shares. Keefe, Bruyette & Woods upped their target price on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Piper Sandler upped their target price on shares of TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TFSL. Empowered Funds LLC bought a new position in shares of TFS Financial in the fourth quarter worth approximately $28,000. Comerica Bank lifted its stake in shares of TFS Financial by 263.8% in the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after buying an additional 1,773 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 during the period. Danske Bank A S bought a new position in TFS Financial during the third quarter valued at approximately $47,000. Finally, Elevation Wealth Partners LLC bought a new position in TFS Financial during the fourth quarter valued at approximately $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.