Key Points
- Director Anthony Asher bought 5,000 shares at $13.37 on March 12, raising his direct stake to 49,314 shares (an 11.28% increase) in TFS Financial (NASDAQ:TFSL).
- TFS declared a quarterly dividend of $0.2825 (annualized $1.13) with an 8.4% yield and an ex-dividend date of March 11, but the payout ratio is an unusually high 353.13%, suggesting potential sustainability concerns.
- The most recent quarter missed estimates (EPS $0.08 vs. $0.09; revenue $83.73M vs. $84.97M) and analyst coverage is mixed, with an average rating of "Hold" and a $15 average target price.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Anthony Asher purchased 5,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $13.37 per share, for a total transaction of $66,850.00. Following the acquisition, the director directly owned 49,314 shares of the company's stock, valued at $659,328.18. This represents a 11.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
TFS Financial Price Performance
NASDAQ TFSL opened at $13.51 on Friday. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 42.22 and a beta of 0.72. The company has a 50 day simple moving average of $14.30 and a 200-day simple moving average of $13.88. TFS Financial Corporation has a 52-week low of $11.29 and a 52-week high of $15.42.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $83.73 million for the quarter, compared to analyst estimates of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. Equities research analysts predict that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.
TFS Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, March 11th. TFS Financial's dividend payout ratio (DPR) is presently 353.13%.
Wall Street Analysts Forecast Growth
TFSL has been the topic of several analyst reports. Wall Street Zen lowered shares of TFS Financial from a "hold" rating to a "sell" rating in a research note on Saturday, January 31st. Zacks Research upgraded shares of TFS Financial to a "hold" rating in a report on Monday, January 19th. 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 target price on the stock. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of TFS Financial in a report 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. According to data from MarketBeat, TFS Financial presently has an average rating of "Hold" and an average target price of $15.00.
Check Out Our Latest Report on TFS Financial
Hedge Funds Weigh In On TFS Financial
Large investors have recently bought and sold shares of the stock. Quent Capital LLC acquired a new position in TFS Financial during the 3rd quarter valued at $27,000. Empowered Funds LLC acquired a new stake in TFS Financial in the 4th quarter worth $28,000. Comerica Bank increased its holdings in shares of TFS Financial by 263.8% during 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 during the period. Danske Bank A S bought a new position in shares of TFS Financial during the 3rd quarter worth about $47,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of TFS Financial during the fourth quarter valued at about $49,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.
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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