TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 15,000 Shares

Key Points

  • CFO Meredith Weil sold 15,000 shares on Feb. 11 at an average price of $14.95 for $224,250, reducing her stake by 22.31% to 52,236 shares.
  • TFS Financial missed the latest quarter with $0.08 EPS versus $0.09 expected and revenue of $83.73M vs. $84.97M, while the stock trades around $14.83 with a consensus price target near $15 and a "Hold" rating.
  • The board paid a quarterly dividend of $0.2825 (annualized $1.13), implying a 7.6% yield, but the payout ratio is an elevated 353.13%, raising questions about sustainability.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CFO Meredith Weil sold 15,000 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $14.95, for a total transaction of $224,250.00. Following the completion of the transaction, the chief financial officer owned 52,236 shares in the company, valued at approximately $780,928.20. The trade was a 22.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TFS Financial Stock Down 0.9%

Shares of NASDAQ:TFSL opened at $14.83 on Friday. The business's 50-day moving average is $14.12 and its 200-day moving average is $13.69. TFS Financial Corporation has a 1 year low of $11.29 and a 1 year high of $15.37. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 46.35 and a beta of 0.73. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.55 and a quick ratio of 1.55.

TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $84.97 million. Equities research analysts predict that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement




The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Tuesday, December 2nd. TFS Financial's dividend payout ratio is presently 353.13%.

Institutional Investors Weigh In On TFS Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in shares of TFS Financial in the third quarter valued at $27,000. Empowered Funds LLC bought a new stake in TFS Financial during the 4th quarter worth approximately $28,000. Comerica Bank lifted its stake in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank's stock worth $33,000 after purchasing an additional 1,773 shares in the last quarter. Danske Bank A S bought a new position in shares of TFS Financial in the third quarter worth $47,000. Finally, Elevation Wealth Partners LLC purchased a new stake in shares of TFS Financial in the fourth quarter worth $49,000. 9.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of TFS Financial to a "hold" rating in a report on Monday, January 19th. Piper Sandler initiated coverage on TFS Financial in a research note on Friday, January 16th. They set a "neutral" rating and a $15.00 price objective on the stock. Wall Street Zen cut shares of TFS Financial from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of TFS Financial in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TFS Financial presently has an average rating of "Hold" and a consensus price target of $15.00.

View Our Latest Analysis on TFS Financial

TFS Financial Company Profile

(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.

Further Reading

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