Insider Buying: TFS Financial (NASDAQ:TFSL) Director Purchases $313,110.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir bought 21,000 shares of TFS Financial stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the acquisition, the director owned 51,043 shares in the company, valued at $761,051.13. This represents a 69.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $15.31 on Friday. The stock’s 50-day simple moving average is $14.36 and its 200 day simple moving average is $14.20. The firm has a market capitalization of $4.29 billion, a PE ratio of 46.40 and a beta of 0.70. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $15.58.

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

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.13 annualized dividend and a yield of 7.4%. TFS Financial’s dividend payout ratio (DPR) is 342.42%.

Hedge Funds Weigh In On TFS Financial

Hedge funds have recently made changes to their positions in the stock. Quent Capital LLC bought a new position in shares of TFS Financial during the third quarter worth about $27,000. Empowered Funds LLC bought a new position in shares of TFS Financial during the fourth quarter worth about $28,000. Comerica Bank raised its position in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares during the last quarter. Danske Bank A S bought a new position in shares of TFS Financial during the third quarter worth about $47,000. Finally, Elevation Wealth Partners LLC bought a new position in shares of TFS Financial during the fourth quarter worth about $49,000. 9.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Piper Sandler increased their target price on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research upgraded TFS Financial to a “hold” rating in a research report on Monday, January 19th. One equities 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 stock presently has an average rating of “Hold” and an average price target of $15.50.

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.