Barbara Anderson Sells 11,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Barbara Anderson sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $14.21, for a total transaction of $156,310.00. Following the completion of the sale, the director directly owned 6,200 shares in the company, valued at $88,102. This represents a 63.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

TFS Financial Stock Performance

Shares of TFSL stock opened at $14.52 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.53 and a current ratio of 1.54. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 45.38 and a beta of 0.73. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.91. The company has a 50 day moving average price of $14.04 and a 200 day moving average price of $13.61.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.80%. Sell-side analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.2825 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a yield of 7.8%. TFS Financial’s dividend payout ratio is currently 353.13%.

Institutional Trading of TFS Financial

A number of hedge funds have recently made changes to their positions in the company. Creative Planning boosted its position in TFS Financial by 117.7% in the 2nd quarter. Creative Planning now owns 75,076 shares of the bank’s stock valued at $972,000 after buying an additional 40,594 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of TFS Financial by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank’s stock worth $14,949,000 after acquiring an additional 23,622 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in TFS Financial by 124.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 87,736 shares of the bank’s stock valued at $1,136,000 after purchasing an additional 48,673 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in TFS Financial by 415.6% in the second quarter. Campbell & CO Investment Adviser LLC now owns 70,920 shares of the bank’s stock valued at $918,000 after purchasing an additional 57,166 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in TFS Financial by 75.3% during the 2nd quarter. HB Wealth Management LLC now owns 17,558 shares of the bank’s stock valued at $227,000 after purchasing an additional 7,543 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler assumed coverage on TFS Financial in a report on Friday, January 16th. They set a “neutral” rating and a $15.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Zacks Research raised shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. Finally, Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

About TFS Financial

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.