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

by · The Cerbat Gem

TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) Director Daniel Weir bought 7,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $15.02 per share, with a total value of $105,140.00. Following the completion of the transaction, the director directly owned 42,943 shares in the company, valued at approximately $645,003.86. This represents a 19.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TFS Financial Price Performance

Shares of NASDAQ:TFSL traded down $0.06 during midday trading on Friday, hitting $15.26. The stock had a trading volume of 477,626 shares, compared to its average volume of 762,757. The company’s 50-day moving average price is $14.34 and its 200-day moving average price is $14.19. The company has a market capitalization of $4.28 billion, a P/E ratio of 46.26 and a beta of 0.70. 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 Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $15.58.

TFS Financial (NASDAQ:TFSL – Get Free Report) last issued its earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $85.24 million during the quarter, compared to analysts’ expectations of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. As a group, equities research analysts predict that TFS Financial Corporation will post 0.34 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a $0.2825 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.4%. TFS Financial’s payout ratio is presently 342.42%.

Wall Street Analysts Forecast Growth

TFSL has been the subject of several analyst reports. Wall Street Zen cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Friday, March 27th. Zacks Research raised shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. Piper Sandler lifted their price target on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Monday, May 4th. One 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

View Our Latest Research Report on TFSL

Institutional Investors Weigh In On TFS Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TFSL. AQR Capital Management LLC grew its holdings in shares of TFS Financial by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock valued at $215,000 after purchasing an additional 2,790 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of TFS Financial by 64.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock valued at $1,139,000 after purchasing an additional 36,004 shares during the last quarter. Empowered Funds LLC grew its holdings in TFS Financial by 14.7% during the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock worth $299,000 after acquiring an additional 3,102 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TFS Financial by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock worth $2,537,000 after acquiring an additional 26,949 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of TFS Financial during the first quarter valued at $159,000. 9.81% of the stock is owned by institutional investors.

About TFS Financial

(Get Free Report)

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.

Read More