Key Points
- Insider sale: Gavin Stefanski sold 7,000 TFSL shares on Feb. 20 at an average price of $14.97 for $104,790, cutting his position by 21.36% to 25,766 shares (SEC filing).
- Stock and results: TFSL stock traded down about 5.5% (opened $14.22) after the bank missed Q4 estimates with $0.08 EPS vs. $0.09 expected and $83.73M revenue vs. $84.97M.
- Market view: Analysts are mixed (average rating "Hold" with a $15 price target) while large institutions such as Lakewood, State Street and BNY Mellon have recently increased holdings.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) insider Gavin Stefanski sold 7,000 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $14.97, for a total transaction of $104,790.00. Following the transaction, the insider directly owned 25,766 shares in the company, valued at approximately $385,717.02. The trade was a 21.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TFS Financial Trading Down 5.5%
Shares of TFSL opened at $14.22 on Tuesday. TFS Financial Corporation has a 12-month low of $11.29 and a 12-month high of $15.42. The firm has a market capitalization of $3.99 billion, a P/E ratio of 44.44 and a beta of 0.73. The firm has a 50-day moving average price of $14.27 and a 200 day moving average price of $13.81. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results 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 firm had revenue of $83.73 million during the quarter, compared to analyst estimates of $84.97 million. Sell-side analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current year.
Institutional Trading of TFS Financial
Large investors have recently modified their holdings of the stock. Gator Capital Management LLC purchased a new position in TFS Financial in the fourth quarter valued at $6,290,000. Lakewood Capital Management LP raised its position in TFS Financial by 19.9% in the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank's stock valued at $33,377,000 after purchasing an additional 420,000 shares in the last quarter. Norges Bank acquired a new stake in TFS Financial in the 2nd quarter valued at about $5,220,000. State Street Corp grew 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 buying an additional 387,992 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of TFS Financial by 23.2% during 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 buying an additional 352,093 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on TFSL shares. 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 note on Saturday, January 31st. Piper Sandler started coverage on shares of TFS Financial in a research report on Friday, January 16th. They set a "neutral" rating and a $15.00 price objective for the company. Finally, Zacks Research upgraded shares of TFS Financial to a "hold" rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.00.
Check Out Our Latest Stock Report 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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