TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 4,105 Shares

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,105 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.91, for a total value of $65,310.55. Following the transaction, the chief financial officer directly owned 38,480 shares in the company, valued at approximately $612,216.80. This represents a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TFS Financial Trading Down 1.2%

Shares of TFSL opened at $15.86 on Thursday. The company has a market cap of $4.45 billion, a P/E ratio of 48.06 and a beta of 0.72. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $16.20. The company’s fifty day simple moving average is $14.94 and its 200-day simple moving average is $14.40. 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 announced its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The business had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. As a group, analysts expect that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors 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 yield of 7.1%. TFS Financial’s dividend payout ratio (DPR) is presently 342.42%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently made changes to their positions in TFSL. Gator Capital Management LLC purchased a new position in TFS Financial during the fourth quarter valued at $6,290,000. Lakewood Capital Management LP boosted its stake in TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after buying an additional 420,000 shares during the last quarter. Norges Bank acquired a new position in shares of TFS Financial during the 4th quarter valued at about $5,248,000. State Street Corp grew its stake in shares of TFS Financial by 24.6% in the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after buying an additional 387,992 shares during the period. Finally, Bank of New York Mellon Corp grew its position in TFS Financial by 23.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock worth $25,011,000 after acquiring an additional 352,093 shares during the period. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

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.