Key Points
- Marc Stefanski sold 7,149 shares of TFS Financial (TFSL) on Feb. 12 at an average of $15.03 for about $107,449, cutting his direct stake by 6.11% to 109,848 shares (≈$1.65M).
- TFS Financial missed quarterly EPS ($0.08 vs. $0.09 expected) and slightly missed revenue, while paying a 7.6% dividend yield (annualized $1.13) despite a very high payout ratio of 353.13%.
- The stock trades near $14.93 with a market cap around $4.19B, several institutional investors have increased positions, and analysts hold a consensus "Hold" rating with a $15 average price target.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CEO Marc Stefanski sold 7,149 shares of the firm's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $15.03, for a total value of $107,449.47. Following the transaction, the chief executive officer directly owned 109,848 shares of the company's stock, valued at approximately $1,651,015.44. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
TFS Financial Trading Up 0.7%
Shares of TFSL stock opened at $14.93 on Friday. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $15.37. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 46.66 and a beta of 0.73. The stock has a 50-day moving average of $14.14 and a 200-day moving average of $13.70.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. The firm had revenue of $83.73 million during the quarter, compared to the consensus estimate of $84.97 million. On average, equities research analysts forecast that TFS Financial Corporation will post 0.29 earnings per share for the current year.
TFS Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Tuesday, December 2nd. TFS Financial's dividend payout ratio (DPR) is presently 353.13%.
Institutional Trading of TFS Financial
Several hedge funds have recently bought and sold shares of TFSL. Dimensional Fund Advisors LP increased its stake in TFS Financial by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,931,751 shares of the bank's stock valued at $39,227,000 after purchasing an additional 65,669 shares in the last quarter. Lakewood Capital Management LP grew its holdings in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank's stock valued at $33,377,000 after buying an additional 420,000 shares during the last quarter. State Street Corp increased its position in shares of TFS Financial by 24.6% during the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank's stock worth $26,305,000 after acquiring an additional 387,992 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TFS Financial by 23.2% in the 4th 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 last quarter. Finally, Geode Capital Management LLC lifted its position in TFS Financial by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank's stock valued at $14,949,000 after acquiring an additional 23,622 shares in the last quarter. Institutional investors and hedge funds own 9.81% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on TFSL. Zacks Research upgraded TFS Financial to a "hold" rating in a research report on Monday, January 19th. Weiss Ratings restated a "buy (b-)" rating on shares of TFS Financial in a report on Monday, December 29th. Wall Street Zen downgraded shares of TFS Financial from a "hold" rating to a "sell" rating in a research report on Saturday, January 31st. Finally, Piper Sandler assumed coverage on shares of TFS Financial in a research note on Friday, January 16th. They issued a "neutral" rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, TFS Financial currently has a consensus rating of "Hold" and an average price target of $15.00.
View Our Latest Research Report on TFSL
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.
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