TFS Financial (NASDAQ:TFSL) Director Daniel Weir Purchases 7,000 Shares of 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 purchased at an average cost of $15.02 per share, with a total value of $105,140.00. Following the transaction, the director directly owned 42,943 shares of the company’s stock, valued at approximately $645,003.86. This trade represents a 19.48% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Stock Down 0.1%

TFSL stock opened at $15.31 on Friday. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $15.58. The firm has a market cap of $4.29 billion, a PE ratio of 46.40 and a beta of 0.70. The business has a 50 day moving average of $14.36 and a 200 day moving average of $14.20. 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 announced its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. The company had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. On average, research analysts forecast that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a dividend of $0.2825 per share. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.4%. TFS Financial’s dividend payout ratio is 342.42%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded TFS Financial to a “hold” rating in a research note on Monday, January 19th. Piper Sandler upped their price target on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price objective on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

Institutional Investors Weigh In On TFS Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gator Capital Management LLC purchased a new position in TFS Financial during the 4th quarter worth $6,290,000. Lakewood Capital Management LP raised its stake in TFS Financial by 19.9% in the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after buying an additional 420,000 shares in the last quarter. Norges Bank purchased a new stake in TFS Financial during the fourth quarter worth $5,248,000. State Street Corp lifted its holdings in TFS Financial by 24.6% during the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after buying an additional 387,992 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in 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 in the last quarter. 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.