TFS Financial (NASDAQ:TFSL) Insider Cathy Zbanek Sells 10,000 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Cathy Zbanek sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $15.26, for a total transaction of $152,600.00. Following the completion of the transaction, the insider directly owned 61,101 shares of the company’s stock, valued at $932,401.26. The trade was a 14.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TFS Financial Trading Up 1.9%

Shares of TFSL stock opened at $15.73 on Thursday. The firm has a 50-day moving average price of $14.46 and a 200 day moving average price of $14.24. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $15.75. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 47.67 and a beta of 0.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%.The firm had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. Research analysts forecast that TFS Financial Corporation will post 0.34 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 7.2%. TFS Financial’s dividend payout ratio is 342.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TFSL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Friday, March 27th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler increased their target price on TFS Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods increased their target price on TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research 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. Based on data from MarketBeat, TFS Financial currently has an average rating of “Hold” and a consensus target price of $15.50.

Institutional Investors Weigh In On TFS Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in TFS Financial by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock worth $43,324,000 after acquiring an additional 152,041 shares during the last quarter. Lakewood Capital Management LP increased its stake in TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after acquiring an additional 420,000 shares during the last quarter. State Street Corp increased its stake 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 acquiring an additional 387,992 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TFS Financial by 23.2% during 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 acquiring an additional 352,093 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TFS Financial by 5.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock valued at $13,197,000 after acquiring an additional 52,350 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

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.