Daniel Weir Purchases 7,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Daniel Weir acquired 7,000 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 49,943 shares of the company’s stock, valued at approximately $791,596.55. This trade represents a 16.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TFS Financial Trading Down 1.9%

Shares of TFSL stock traded down $0.30 during mid-day trading on Monday, reaching $15.61. The stock had a trading volume of 516,165 shares, compared to its average volume of 777,276. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $16.20. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. The stock’s 50-day moving average price is $14.79 and its two-hundred day moving average price is $14.35. The firm has a market capitalization of $4.38 billion, a PE ratio of 47.32 and a beta of 0.72.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share (EPS) 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 company had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $84.70 million. Equities analysts expect that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TFSL shares. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Keefe, Bruyette & Woods boosted their price target on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Finally, Piper Sandler boosted their price target on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One equities 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, TFS Financial presently has a consensus rating of “Hold” and an average target price of $15.50.

Institutional Investors Weigh In On TFS Financial

Several hedge funds have recently bought and sold shares of TFSL. Gator Capital Management LLC bought a new position in shares of TFS Financial in the fourth quarter worth approximately $6,290,000. Lakewood Capital Management LP lifted its stake in shares of 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 bought a new position in shares of TFS Financial in the fourth quarter worth approximately $5,248,000. State Street Corp lifted its stake in shares of TFS Financial by 24.6% in 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of TFS Financial by 23.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock worth $25,011,000 after buying an additional 352,093 shares in the last quarter. 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.