TFS Financial (NASDAQ:TFSL) Director Purchases $105,140.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir acquired 7,000 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $15.02 per share, with a total value of $105,140.00. Following the purchase, the director owned 42,943 shares in the company, valued at $645,003.86. This represents a 19.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Price Performance

Shares of NASDAQ TFSL opened at $15.31 on Monday. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $15.58. The business has a 50 day moving average price of $14.36 and a two-hundred day moving average price of $14.20. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The firm has a market cap of $4.29 billion, a PE ratio of 46.40 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share 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 return on equity of 4.89% and a net margin of 11.42%. Sell-side analysts expect that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a $0.2825 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.4%. TFS Financial’s dividend payout ratio (DPR) is presently 342.42%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Zacks Research upgraded TFS Financial to a “hold” rating in a research report on Monday, January 19th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Sandler lifted their target price on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lifted their target price on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.50.

Institutional Trading of TFS Financial

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of TFS Financial by 11.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,245 shares of the bank’s stock worth $200,000 after purchasing an additional 1,451 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of TFS Financial by 53.0% in the 1st quarter. Quantinno Capital Management LP now owns 405,322 shares of the bank’s stock worth $5,695,000 after purchasing an additional 140,376 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of TFS Financial in the 1st quarter worth approximately $155,000. Cetera Investment Advisers lifted its holdings in shares of TFS Financial by 4.8% in the 1st quarter. Cetera Investment Advisers now owns 46,928 shares of the bank’s stock worth $659,000 after purchasing an additional 2,141 shares during the last quarter. Finally, Commonwealth Financial Services LLC bought a new stake in shares of TFS Financial in the 1st quarter worth approximately $153,000. Institutional investors own 9.81% of the company’s stock.

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.