Key Points
- Insider sale: TFS Financial insider Cathy Zbanek sold 10,000 shares on May 18 at an average price of $15.26, totaling $152,600. The sale reduced her holdings by about 14.06%.
- Recent company results: TFS Financial reported quarterly EPS of $0.08, matching analyst expectations, on revenue of $85.24 million, slightly above estimates. Analysts currently expect full-year EPS of 0.34.
- Market and dividend snapshot: The stock recently traded near its 1-year high at $15.73, and the company pays a quarterly dividend that annualizes to $1.13 per share, implying a 7.2% yield. Wall Street’s consensus rating is Hold with a target price of $15.50.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) insider Cathy Zbanek sold 10,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $15.26, for a total value of $152,600.00. Following the completion of the sale, the insider owned 61,101 shares of the company's stock, valued at approximately $932,401.26. This trade represents a 14.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
TFS Financial Price Performance
TFSL stock opened at $15.73 on Thursday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $15.75. The firm has a market cap of $4.41 billion, a P/E ratio of 47.67 and a beta of 0.70. The stock has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $14.24.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its 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 return on equity of 4.89% and a net margin of 11.42%.The business had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. On average, equities analysts predict that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.
TFS Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.2%. TFS Financial's dividend payout ratio (DPR) is 342.42%.
Institutional Investors Weigh In On TFS Financial
A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in TFS Financial by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank's stock valued at $113,000 after purchasing an additional 770 shares in the last quarter. Legal & General Group Plc grew its stake in TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank's stock valued at $782,000 after purchasing an additional 789 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank's stock valued at $38,000 after purchasing an additional 841 shares in the last quarter. Prasad Wealth Partners LLC grew its stake in TFS Financial by 9.0% during the 4th quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank's stock valued at $158,000 after purchasing an additional 971 shares in the last quarter. Finally, Kestra Investment Management LLC grew its stake in TFS Financial by 0.5% during the 4th quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank's stock valued at $2,870,000 after purchasing an additional 1,017 shares in the last quarter. Institutional investors and hedge funds own 9.81% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TFSL. Keefe, Bruyette & Woods increased their target price on TFS Financial from $14.00 to $15.00 and gave the company a "market perform" rating in a research note on Monday, May 4th. Wall Street Zen upgraded TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of TFS Financial in a research note on Friday, March 27th. Finally, Piper Sandler increased their target price on TFS Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $15.50.
View Our Latest Stock Analysis on TFS Financial
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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