Insider Buying: TFS Financial (NASDAQ:TFSL) Director Buys 7,000 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir bought 7,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $15.85 per share, for a total transaction of $110,950.00. Following the purchase, the director owned 49,943 shares of the company’s stock, valued at approximately $791,596.55. This represents a 16.30% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TFS Financial Stock Down 1.9%

Shares of NASDAQ TFSL traded down $0.30 during midday trading on Monday, hitting $15.61. The stock had a trading volume of 516,165 shares, compared to its average volume of 777,276. 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 business’s 50 day moving average is $14.79 and its 200-day moving average is $14.35. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $16.20. The company has a market cap of $4.38 billion, a P/E ratio of 47.32 and a beta of 0.72.

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

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Wednesday, June 10th. TFS Financial’s dividend payout ratio is currently 342.42%.

Institutional Trading of TFS Financial

A number of hedge funds and other institutional investors have recently modified their holdings of TFSL. Empowered Funds LLC purchased a new stake in shares of TFS Financial in the fourth quarter worth $28,000. Comerica Bank boosted its position in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the last quarter. Danske Bank A S bought a new position in shares of TFS Financial during the third quarter worth $47,000. Finally, Elevation Wealth Partners LLC bought a new position in shares of TFS Financial during the fourth quarter worth $49,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.