Key Points
- Insider sale: Gavin Stefanski sold 6,500 TFS Financial shares for approximately $119,275, reducing his direct ownership by 25.23% to 19,266 shares.
- Quarterly results beat expectations: TFS Financial reported earnings of $0.11 per share versus the $0.08 consensus estimate, while revenue reached $89.27 million compared with expectations of $87.05 million.
- Analyst view remains cautious: Analysts have an average “Hold” rating and a consensus price target of $19.00, despite recent target increases from Keefe, Bruyette & Woods and Piper Sandler.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) insider Gavin Stefanski sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total value of $119,275.00. Following the sale, the insider directly owned 19,266 shares of the company's stock, valued at $353,531.10. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TFS Financial Price Performance
TFS Financial stock opened at $17.59 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $4.93 billion, a P/E ratio of 48.86 and a beta of 0.70. The business's fifty day moving average is $17.43 and its two-hundred day moving average is $15.58. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $19.49.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. TFS Financial had a return on equity of 5.36% and a net margin of 12.36%.The company had revenue of $89.27 million for the quarter, compared to analysts' expectations of $87.05 million. Equities research analysts forecast that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.
TFS Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.2825 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.4%. TFS Financial's dividend payout ratio is 313.89%.
Hedge Funds Weigh In On TFS Financial
Several large investors have recently bought and sold shares of TFSL. UBS Group AG boosted its holdings in TFS Financial by 28.2% during the fourth quarter. UBS Group AG now owns 499,893 shares of the bank's stock worth $6,689,000 after buying an additional 110,104 shares during the last quarter. Gator Capital Management LLC acquired a new position in shares of TFS Financial during the 4th quarter worth about $6,290,000. SG Americas Securities LLC increased its stake in shares of TFS Financial by 253.0% in the 4th quarter. SG Americas Securities LLC now owns 55,950 shares of the bank's stock valued at $749,000 after acquiring an additional 40,098 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TFS Financial by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank's stock valued at $43,324,000 after acquiring an additional 152,041 shares during the last quarter. Finally, CenterBook Partners LP bought a new position in TFS Financial during the 4th quarter worth approximately $1,471,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TFSL has been the subject of several research reports. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of TFS Financial in a research report on Wednesday, June 24th. Wall Street Zen raised shares of TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Piper Sandler raised their price target on shares of TFS Financial from $16.00 to $20.00 and gave the company a "neutral" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $19.00.
View Our Latest Report on TFSL
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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