Key Points
- CFO Meredith Weil sold 4,105 shares of TFS Financial at an average price of $15.91, totaling about $65,311. After the sale, Weil still held 38,480 shares, a 9.64% reduction in the position.
- TFS Financial recently reported quarterly earnings in line with expectations, posting EPS of $0.08 and revenue of $85.24 million, both slightly ahead of analyst revenue estimates. The company also said analysts expect full-year EPS of $0.34.
- The company announced a quarterly dividend of $0.2825 per share, payable June 24 to shareholders of record on June 10, which annualizes to $1.13 and a 6.9% yield. However, the payout ratio is very high at 342.42%.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CFO Meredith Weil sold 4,105 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.91, for a total transaction of $65,310.55. Following the completion of the transaction, the chief financial officer owned 38,480 shares of the company's stock, valued at $612,216.80. This represents a 9.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
TFS Financial Stock Performance
Shares of TFSL opened at $16.33 on Friday. The firm has a 50-day moving average price of $14.99 and a 200 day moving average price of $14.42. The firm has a market capitalization of $4.58 billion, a PE ratio of 49.49 and a beta of 0.72. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $16.39.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced 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. The firm 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, sell-side analysts anticipate 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 will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Wednesday, June 10th. TFS Financial's dividend payout ratio is currently 342.42%.
Institutional Investors Weigh In On TFS Financial
A number of institutional investors and hedge funds have recently bought and sold shares of TFSL. Empowered Funds LLC acquired a new stake in TFS Financial in the 4th quarter valued at about $28,000. Comerica Bank lifted its holdings in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank's stock valued at $33,000 after acquiring an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 valued at $38,000 after acquiring an additional 841 shares during the last quarter. Danske Bank A S acquired a new stake in TFS Financial in the 3rd quarter valued at about $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in TFS Financial in the 4th quarter valued at about $49,000. 9.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of TFS Financial from a "hold" rating to a "sell" rating in a research report on Sunday, May 24th. Piper Sandler increased their target price on shares of TFS Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their price target on shares of TFS Financial from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of TFS Financial in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $15.50.
View Our Latest Report on TFS Financial
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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