Insider Selling: TFS Financial (NASDAQ:TFSL) CFO Sells $224,250.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $14.95, for a total transaction of $224,250.00. Following the sale, the chief financial officer owned 52,236 shares of the company’s stock, valued at approximately $780,928.20. The trade was a 22.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TFS Financial Stock Performance

Shares of NASDAQ TFSL traded down $0.24 during midday trading on Thursday, hitting $14.74. The company’s stock had a trading volume of 217,479 shares, compared to its average volume of 687,163. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $15.37. The firm’s fifty day moving average price is $14.11 and its 200-day moving average price is $13.68. The firm has a market cap of $4.13 billion, a P/E ratio of 46.02 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). TFS Financial had a return on equity of 4.79% and a net margin of 11.29%.The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $84.97 million. On average, sell-side analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Tuesday, December 2nd. TFS Financial’s dividend payout ratio is presently 353.13%.

Institutional Trading of TFS Financial

A number of hedge funds have recently modified their holdings of the business. Quent Capital LLC purchased a new position in shares of TFS Financial during the 3rd quarter valued at $27,000. Empowered Funds LLC acquired a new stake in TFS Financial during the fourth quarter valued at $28,000. Comerica Bank grew its stake in TFS Financial by 263.8% in 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 in the last quarter. Danske Bank A S acquired a new position in TFS Financial in the 3rd quarter worth about $47,000. Finally, Elevation Wealth Partners LLC purchased a new stake in shares of TFS Financial during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Wall Street Analysts Forecast Growth

TFSL has been the subject of several recent research reports. Piper Sandler assumed coverage on shares of TFS Financial in a research report on Friday, January 16th. They set a “neutral” rating and a $15.00 price target for the company. Zacks Research upgraded shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Finally, Wall Street Zen cut 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 given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.00.

TFS Financial Company Profile

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.