Insider Selling: TFS Financial (NASDAQ:TFSL) CFO Sells 15,000 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 15,000 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $14.95, for a total transaction of $224,250.00. Following the completion of the transaction, the chief financial officer directly owned 52,236 shares of the company’s stock, valued at approximately $780,928.20. This trade represents a 22.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

TFS Financial Trading Down 1.6%

Shares of TFSL stock traded down $0.24 during mid-day trading on Thursday, hitting $14.74. 217,479 shares of the company’s stock were exchanged, compared to its average volume of 687,163. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 46.02 and a beta of 0.73. The stock has a 50-day simple moving average of $14.11 and a two-hundred day simple moving average of $13.68. TFS Financial Corporation has a fifty-two week low of $11.29 and a fifty-two week high of $15.37. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.60.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.08 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 analysts’ expectations of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. Equities analysts expect that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Tuesday, December 2nd. TFS Financial’s dividend payout ratio (DPR) is 353.13%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TFSL. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Zacks Research upgraded shares of TFS Financial to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Finally, Piper Sandler assumed coverage on shares of TFS Financial in a research note on Friday, January 16th. They set a “neutral” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Hedge Funds Weigh In On TFS Financial

Several large investors have recently modified their holdings of TFSL. Campbell & CO Investment Adviser LLC grew its stake in TFS Financial by 58.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 95,521 shares of the bank’s stock worth $1,278,000 after purchasing an additional 35,172 shares in the last quarter. Swiss National Bank lifted its holdings in TFS Financial by 1.7% during the 4th quarter. Swiss National Bank now owns 110,700 shares of the bank’s stock worth $1,481,000 after buying an additional 1,800 shares during the last quarter. Nuveen LLC grew its position in shares of TFS Financial by 32.5% in the 4th quarter. Nuveen LLC now owns 163,197 shares of the bank’s stock worth $2,184,000 after acquiring an additional 40,035 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of TFS Financial in the 4th quarter valued at approximately $28,000. Finally, Meeder Advisory Services Inc. raised its position in shares of TFS Financial by 38.7% during the 4th quarter. Meeder Advisory Services Inc. now owns 35,657 shares of the bank’s stock valued at $477,000 after acquiring an additional 9,942 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.