TFS Financial (NASDAQ:TFSL) Insider Sells $119,275.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Gavin Stefanski sold 6,500 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total value of $119,275.00. Following the sale, the insider directly owned 19,266 shares in the company, valued at approximately $353,531.10. The trade was a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TFS Financial Stock Performance

TFS Financial stock opened at $17.59 on Monday. The stock has a 50-day moving average price of $17.43 and a 200 day moving average price of $15.59. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $19.49. The stock has a market cap of $4.93 billion, a PE ratio of 48.86 and a beta of 0.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. The company had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million. Equities research analysts predict that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.4%. TFS Financial’s dividend payout ratio is presently 313.89%.

Analysts Set New Price Targets

Several research firms have commented on TFSL. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Wednesday, June 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. Finally, Piper Sandler upped their target price on TFS Financial from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.00.

Institutional Investors Weigh In On TFS Financial

A number of institutional investors have recently bought and sold shares of TFSL. BlackRock Inc. acquired a new position in TFS Financial in the second quarter valued at $69,398,000. Bank of New York Mellon Corp purchased a new position in shares of TFS Financial in the 2nd quarter worth about $33,176,000. Gator Capital Management LLC acquired a new position in shares of TFS Financial in the 4th quarter valued at about $6,290,000. Norges Bank purchased a new stake in shares of TFS Financial during the 4th quarter worth about $5,248,000. Finally, State Street Corp grew its holdings in shares of 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 purchasing an additional 387,992 shares during the period. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

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.