TFS Financial (NASDAQ:TFSL) CFO Sells $10,800.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 600 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $18.00, for a total transaction of $10,800.00. Following the completion of the transaction, the chief financial officer directly owned 38,480 shares in the company, valued at $692,640. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

TFS Financial Stock Performance

NASDAQ TFSL opened at $17.47 on Thursday. The stock has a market cap of $4.90 billion, a PE ratio of 48.53 and a beta of 0.69. 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 50-day moving average of $17.82 and a 200-day moving average of $15.97. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $19.49.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business 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%. On average, 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. Stockholders of record on Wednesday, September 9th will be given a $0.3175 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 annualized dividend and a dividend yield of 7.3%. TFS Financial’s dividend payout ratio (DPR) is currently 313.89%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of TFS Financial in the second quarter valued at approximately $69,398,000. Dimensional Fund Advisors LP grew its position in TFS Financial by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock worth $43,324,000 after buying an additional 152,041 shares in the last quarter. Lakewood Capital Management LP acquired a new stake in TFS Financial during the second quarter worth approximately $36,687,000. State Street Corp increased its stake in TFS Financial by 24.6% during the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after acquiring an additional 387,992 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in TFS Financial during the 2nd quarter worth $33,176,000. 9.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TFSL shares. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Piper Sandler increased their price objective on 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 reissued a “market perform” rating and set a $18.00 target price (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Finally, Weiss Ratings raised shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, TFS Financial presently has a consensus rating of “Hold” and a consensus target price of $19.00.

TFS Financial Company Profile

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.