Key Points
- Director Daniel Weir bought 7,000 shares of TFS Financial at $15.85 each, a $110,950 purchase that raised his ownership by 16.3% to 49,943 shares.
- TFS Financial recently reported quarterly earnings of $0.08 per share, matching analyst expectations, while revenue came in slightly above estimates at $85.24 million.
- The company declared a quarterly dividend of $0.2825 per share, which annualizes to $1.13 and implies a 7.2% yield.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Daniel Weir acquired 7,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $15.85 per share, with a total value of $110,950.00. Following the completion of the acquisition, the director owned 49,943 shares in the company, valued at $791,596.55. The trade was a 16.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
TFS Financial Price Performance
Shares of TFSL opened at $15.66 on Tuesday. The firm has a market cap of $4.39 billion, a PE ratio of 47.46 and a beta of 0.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. The firm has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $14.37. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $16.20.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. On average, equities analysts anticipate that TFS Financial Corporation will post 0.34 EPS for the current year.
TFS Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.2825 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a yield of 7.2%. TFS Financial's payout ratio is currently 342.42%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of TFSL. Empowered Funds LLC bought a new position in TFS Financial in the 4th quarter worth $28,000. Comerica Bank boosted its holdings in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank's stock worth $33,000 after buying an additional 1,773 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank's stock worth $38,000 after buying an additional 841 shares during the period. Danske Bank A S bought a new position in TFS Financial in the 3rd quarter worth $47,000. Finally, Elevation Wealth Partners LLC bought a new position in shares of TFS Financial during the 4th quarter valued at about $49,000. Institutional investors own 9.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on TFSL shares. Keefe, Bruyette & Woods boosted their target price on shares of 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 lowered shares of TFS Financial from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. Piper Sandler boosted their target price on shares of TFS Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of TFS Financial in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.50.
Get 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
