TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CFO Meredith Weil sold 600 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $18.00, for a total value of $10,800.00. Following the sale, the chief financial officer owned 38,480 shares in the company, valued at approximately $692,640. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TFS Financial Trading Down 0.3%
Shares of NASDAQ:TFSL opened at $17.47 on Tuesday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $19.49. The company has a market cap of $4.90 billion, a P/E ratio of 48.53 and a beta of 0.70. The stock's fifty day moving average price is $17.80 and its 200-day moving average price is $15.94.
TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings data 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 5.32% and a net margin of 12.36%.The company had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. Sell-side analysts expect that TFS Financial Corporation will post 0.36 earnings per share for the current year.
TFS Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a $0.3175 dividend. This is an increase from TFS Financial's previous quarterly dividend of $0.28. This represents a $1.27 annualized dividend and a yield of 7.3%. The ex-dividend date is Wednesday, September 9th. TFS Financial's dividend payout ratio is 313.89%.
Institutional Investors Weigh In On TFS Financial
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in TFS Financial in the 4th quarter worth $28,000. Comerica Bank grew its holdings in TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank's stock valued at $33,000 after purchasing an additional 1,773 shares during the period. Toth Financial Advisory Corp bought a new stake in TFS Financial during the second quarter valued at about $35,000. Allworth Financial LP purchased a new stake in TFS Financial in the second quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC increased its position in TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank's stock worth $38,000 after buying an additional 841 shares in the last quarter. 9.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of TFS Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Finally, Piper Sandler upped their price objective on TFS Financial from $16.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, TFS Financial presently has a consensus rating of "Hold" and an average target price of $19.00.
View Our Latest Stock Analysis 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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