Key Points
- Director Barbara Anderson sold 11,000 shares on Feb. 3 at an average price of $14.21 (about $156,310), reducing her ownership by 63.95% to 6,200 shares.
- TFS Financial missed quarterly EPS ($0.08 vs. $0.09 expected) and pays a recently announced dividend that annualizes to a 7.7% yield but carries a very high payout ratio (353.13%); analysts’ consensus is a "Hold" with an average $15 target.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Barbara Anderson sold 11,000 shares of the business's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $14.21, for a total value of $156,310.00. Following the completion of the sale, the director owned 6,200 shares of the company's stock, valued at $88,102. This trade represents a 63.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TFS Financial Trading Up 2.1%
TFSL stock opened at $14.74 on Thursday. TFS Financial Corporation has a 52 week low of $11.29 and a 52 week high of $14.92. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.53 and a current ratio of 1.54. The company's 50-day simple moving average is $14.04 and its 200 day simple moving average is $13.61. The company has a market capitalization of $4.14 billion, a PE ratio of 46.06 and a beta of 0.73.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business had revenue of $83.73 million for the quarter, compared to analyst estimates of $84.97 million. TFS Financial had a return on equity of 4.80% and a net margin of 11.29%. As a group, sell-side analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current year.
TFS Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a $0.2825 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.7%. TFS Financial's dividend payout ratio (DPR) is presently 353.13%.
Institutional Investors Weigh In On TFS Financial
Several hedge funds have recently modified their holdings of TFSL. Quent Capital LLC acquired a new position in TFS Financial in the 3rd quarter worth about $27,000. Comerica Bank grew its holdings 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 purchasing an additional 1,773 shares during the last quarter. Danske Bank A S acquired a new position in shares of TFS Financial in the third quarter valued at approximately $47,000. Elevation Wealth Partners LLC bought a new position in TFS Financial in the 4th quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its position in TFS Financial by 913.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank's stock worth $68,000 after buying an additional 4,731 shares during the period. Institutional investors and hedge funds own 9.81% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on TFSL. Piper Sandler started coverage on shares of TFS Financial in a research report on Friday, January 16th. They issued a "neutral" rating and a $15.00 target price for the company. Wall Street Zen downgraded shares of TFS Financial from a "hold" rating to a "sell" rating in a research report on Saturday, January 31st. Weiss Ratings restated a "buy (b-)" rating on shares of TFS Financial in a research note on Monday, December 29th. Finally, Zacks Research upgraded TFS Financial to a "hold" rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.00.
Get Our Latest Analysis on TFSL
About TFS Financial
(
Get Free Report)
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.
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