Gavin Stefanski Sells 6,500 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Gavin Stefanski sold 6,500 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total value of $119,275.00. Following the completion of the transaction, the insider directly owned 19,266 shares in the company, valued at approximately $353,531.10. This represents a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $17.59 on Friday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 48.86 and a beta of 0.70. The business has a 50 day moving average of $17.43 and a 200 day moving average of $15.58. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $19.49.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $89.27 million for the quarter, compared to analysts’ expectations of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.36%. On average, sell-side analysts predict that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.4%. TFS Financial’s dividend payout ratio is 313.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on TFSL. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 target price (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research report on Wednesday, June 24th. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Piper Sandler lifted their price objective on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.00.

Institutional Trading of TFS Financial

A number of institutional investors have recently made changes to their positions in TFSL. Empowered Funds LLC purchased a new position in shares of TFS Financial in the fourth quarter worth $28,000. Comerica Bank raised its holdings in TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock valued at $33,000 after buying an additional 1,773 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in TFS Financial during the 2nd quarter valued at $44,000. EverSource Wealth Advisors LLC boosted its position in TFS Financial by 45.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after buying an additional 841 shares during the period. Finally, Danske Bank A S bought a new stake in TFS Financial in the 3rd quarter worth $47,000. Hedge funds and other 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.