Key Points
- Director Daniel Weir bought 21,000 shares of TFS Financial at $14.91 each, spending about $313,110. The purchase lifted his stake by nearly 70% to 51,043 shares.
- The trade was disclosed in an SEC filing and was made under a pre-arranged Rule 10b5-1 plan, indicating it was scheduled in advance.
- TFS Financial recently reported quarterly EPS of $0.08, meeting estimates, while the stock traded around $14.95 and analysts currently rate it Hold with an average price target of $15.50.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Daniel Weir acquired 21,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the acquisition, the director owned 51,043 shares in the company, valued at $761,051.13. This trade represents a 69.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TFS Financial Trading Down 0.3%
NASDAQ TFSL opened at $14.95 on Thursday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.55. The stock has a market capitalization of $4.19 billion, a P/E ratio of 45.30 and a beta of 0.70. The firm's 50-day moving average is $14.32 and its two-hundred day moving average is $14.18. TFS Financial Corporation has a 12 month low of $12.53 and a 12 month high of $15.58.
TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. The business had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. On average, sell-side analysts anticipate that TFS Financial Corporation will post 0.34 earnings per share for the current year.
TFS Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given 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 7.6%. TFS Financial's payout ratio is presently 342.42%.
Wall Street Analyst Weigh In
TFSL has been the subject of several research analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of TFS Financial in a research report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price objective on TFS Financial from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Monday, May 4th. Wall Street Zen lowered TFS Financial from a "hold" rating to a "sell" rating in a research note on Saturday, January 31st. Piper Sandler raised their target price on TFS Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, May 4th. Finally, Zacks Research raised TFS Financial to a "hold" rating in a research report on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, TFS Financial currently has a consensus rating of "Hold" and an average price target of $15.50.
Read Our Latest Analysis on TFSL
Institutional Trading of TFS Financial
Large investors have recently modified their holdings of the stock. Quent Capital LLC purchased a new position in TFS Financial in the third quarter valued at $27,000. Empowered Funds LLC acquired a new position in TFS Financial during the 4th quarter worth $28,000. Comerica Bank increased its holdings 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 during the period. Danske Bank A S purchased a new stake in TFS Financial during the 3rd quarter worth about $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in TFS Financial in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 9.81% of the company's stock.
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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