Meredith Weil Sells 13,756 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 13,756 shares of TFS Financial stock in a transaction on Monday, May 11th. The shares were sold at an average price of $14.91, for a total transaction of $205,101.96. Following the sale, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at $573,736.80. This trade represents a 26.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TFS Financial Trading Down 0.3%

Shares of NASDAQ:TFSL opened at $14.95 on Thursday. The firm has a fifty day moving average of $14.32 and a two-hundred day moving average of $14.18. The firm has a market capitalization of $4.19 billion, a P/E ratio of 45.30 and a beta of 0.70. TFS Financial Corporation has a 12-month low of $12.53 and a 12-month high of $15.58. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 2.67.

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

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were issued a $0.2825 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.6%. TFS Financial’s dividend payout ratio is currently 342.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TFSL. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Keefe, Bruyette & Woods upped 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. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Piper Sandler boosted their target price on shares of TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Zacks Research raised shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lakewood Capital Management LP raised its position in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after buying an additional 420,000 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of TFS Financial during the third quarter valued at about $498,000. SG Americas Securities LLC raised its position in shares of TFS Financial by 253.0% during the fourth quarter. SG Americas Securities LLC now owns 55,950 shares of the bank’s stock valued at $749,000 after buying an additional 40,098 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of TFS Financial by 9.2% during the third quarter. Rafferty Asset Management LLC now owns 60,613 shares of the bank’s stock valued at $799,000 after buying an additional 5,113 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new position in shares of TFS Financial during the third quarter valued at about $216,000. Institutional investors and hedge funds 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.