TFS Financial (NASDAQ:TFSL) CFO Sells $72,508.80 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 4,316 shares of TFS Financial stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $16.80, for a total value of $72,508.80. Following the completion of the transaction, the chief financial officer owned 38,480 shares in the company, valued at $646,464. This trade represents a 10.09% 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 Stock Performance

Shares of NASDAQ:TFSL traded up $0.09 during midday trading on Friday, hitting $16.89. The stock had a trading volume of 408,166 shares, compared to its average volume of 791,115. The company has a market capitalization of $4.74 billion, a PE ratio of 51.14 and a beta of 0.72. The stock has a 50 day moving average price of $15.28 and a two-hundred day moving average price of $14.52. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $17.00.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. As a group, equities analysts predict that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a $0.2825 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.7%. TFS Financial’s payout ratio is 342.42%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Piper Sandler boosted their price objective on shares of TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TFS Financial has an average rating of “Hold” and an average price target of $15.50.

Institutional Trading of TFS Financial

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of TFS Financial by 19.2% in the first quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock valued at $215,000 after acquiring an additional 2,790 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of TFS Financial by 64.4% in the first quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock valued at $1,139,000 after acquiring an additional 36,004 shares in the last quarter. Empowered Funds LLC lifted its position in shares of TFS Financial by 14.7% in the first quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock valued at $299,000 after acquiring an additional 3,102 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TFS Financial by 15.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock valued at $2,537,000 after acquiring an additional 26,949 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of TFS Financial in the first quarter valued at $159,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

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.