Daniel Weir Purchases 7,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir bought 7,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $15.85 per share, with a total value of $110,950.00. Following the purchase, the director directly owned 49,943 shares in the company, valued at approximately $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TFS Financial Trading Up 2.5%

Shares of NASDAQ:TFSL opened at $16.05 on Wednesday. The firm has a fifty day moving average of $14.84 and a two-hundred day moving average of $14.37. The firm has a market capitalization of $4.50 billion, a P/E ratio of 48.64 and a beta of 0.72. TFS Financial Corporation has a 12-month low of $12.53 and a 12-month high of $16.20. 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 issued its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. On average, equities analysts expect that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently declared 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 is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.0%. TFS Financial’s dividend payout ratio (DPR) is currently 342.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Finally, Piper Sandler raised their price target on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. 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, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in TFS Financial by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock worth $113,000 after acquiring an additional 770 shares during the last quarter. Legal & General Group Plc lifted its position in TFS Financial by 1.3% during 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 last quarter. EverSource Wealth Advisors LLC lifted its position in TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Prasad Wealth Partners LLC lifted its position in TFS Financial by 9.0% during the 4th quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock worth $158,000 after acquiring an additional 971 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its position in TFS Financial by 0.5% during the 4th quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after acquiring an additional 1,017 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

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.