Anthony Asher Acquires 5,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Anthony Asher acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $13.37 per share, for a total transaction of $66,850.00. Following the completion of the purchase, the director owned 49,314 shares in the company, valued at approximately $659,328.18. This represents a 11.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TFS Financial Trading Up 0.4%

Shares of TFSL stock opened at $13.51 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 42.22 and a beta of 0.72. TFS Financial Corporation has a 52-week low of $11.29 and a 52-week high of $15.42. The company has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $13.88.

TFS Financial (NASDAQ:TFSL) last released its earnings results 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 business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. Research analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Wednesday, March 11th. TFS Financial’s payout ratio is presently 353.13%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFSL. Dimensional Fund Advisors LP raised its position in shares of TFS Financial by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,931,751 shares of the bank’s stock worth $39,227,000 after buying an additional 65,669 shares in the last quarter. Lakewood Capital Management LP increased its stake in TFS Financial by 19.9% in the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after acquiring an additional 420,000 shares during the last quarter. State Street Corp raised its holdings in shares of TFS Financial by 24.6% in the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after acquiring an additional 387,992 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of TFS Financial by 23.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after acquiring an additional 352,093 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TFS Financial by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank’s stock valued at $14,949,000 after acquiring an additional 23,622 shares during the last quarter. 9.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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