Key Points
- COO Andrew Rubino sold 6,600 shares of TFS Financial at an average price of $15.18 on May 6, totaling $100,188 and reducing his stake by 23.65% to 21,310 shares (valued at roughly $323,486).
- TFS Financial pays a quarterly dividend that annualizes to $1.13 for a 7.5% yield, but the payout ratio is an elevated 342.42%, which may raise questions about sustainability.
- The bank has a $4.24 billion market cap and a P/E of 45.76, reported Q1 EPS of $0.08 in line with estimates, and carries a MarketBeat consensus rating of "Hold" with an average target price of $15.50.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) COO Andrew Rubino sold 6,600 shares of TFS Financial stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $15.18, for a total transaction of $100,188.00. Following the sale, the chief operating officer directly owned 21,310 shares of the company's stock, valued at $323,485.80. The trade was a 23.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
TFS Financial Stock Performance
NASDAQ TFSL opened at $15.10 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $4.24 billion, a P/E ratio of 45.76 and a beta of 0.70. TFS Financial Corporation has a 12-month low of $12.53 and a 12-month high of $15.58. The firm has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $14.11.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $85.24 million during the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.91%. Analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current year.
TFS Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.5%. TFS Financial's payout ratio is currently 342.42%.
Wall Street Analyst Weigh In
TFSL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of TFS Financial from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Monday. Wall Street Zen downgraded shares of TFS Financial from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of TFS Financial in a report on Friday, March 27th. Piper Sandler upped their price target on shares of TFS Financial from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Zacks Research raised shares of TFS Financial to a "hold" rating in a report on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.50.
Check Out Our Latest Stock Report on TFS Financial
Hedge Funds Weigh In On TFS Financial
Institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new position in TFS Financial during the 3rd quarter worth approximately $27,000. Empowered Funds LLC acquired a new position in TFS Financial during the 4th quarter worth approximately $28,000. Comerica Bank increased its position in 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 in the last quarter. Danske Bank A S acquired a new position in TFS Financial during the 3rd quarter worth approximately $47,000. Finally, Elevation Wealth Partners LLC acquired a new position in TFS Financial during the 4th quarter worth approximately $49,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.
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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