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

Key Points

• Insider sale: Gavin Stefanski sold 6,500 TFS Financial shares for approximately $119,275, reducing his direct ownership by 25.23% to 19,266 shares.
• Stock and earnings: TFSL shares recently fell 1.1% to $17.66, while the company reported quarterly EPS of $0.11, beating estimates by $0.03, and revenue of $89.27 million.
• Dividend and outlook: TFS Financial pays an annualized $1.13 dividend, yielding about 6.4%, but its payout ratio is elevated at 313.89%. Analysts maintain a consensus “Hold” rating with a $19.00 target price.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) insider Gavin Stefanski sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total value of $119,275.00. Following the transaction, the insider directly owned 19,266 shares in the company, valued at $353,531.10. This trade represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

TFS Financial Trading Down 1.1%

Shares of TFSL traded down $0.20 during trading hours on Friday, hitting $17.66. The company had a trading volume of 480,439 shares, compared to its average volume of 830,640. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $19.49. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The stock's 50 day moving average price is $17.40 and its 200 day moving average price is $15.57. The firm has a market cap of $4.95 billion, a P/E ratio of 49.05 and a beta of 0.70.

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

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.4%. TFS Financial's dividend payout ratio (DPR) is currently 313.89%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TFSL. Weiss Ratings reissued a "buy (b-)" rating on shares of TFS Financial in a research report on Wednesday, June 24th. Wall Street Zen raised shares of TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Piper Sandler increased their target price on shares of TFS Financial from $16.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $18.00 target price (up from $16.00) on shares of TFS Financial in a research note on Monday. One 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.com, TFS Financial has an average rating of "Hold" and a consensus target price of $19.00.

Hedge Funds Weigh In On TFS Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of TFS Financial by 19.2% in 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 period. Goldman Sachs Group Inc. lifted its position in TFS Financial by 64.4% during the first quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank's stock valued at $1,139,000 after buying an additional 36,004 shares during the period. Empowered Funds LLC lifted its position in TFS Financial by 14.7% during the first quarter. Empowered Funds LLC now owns 24,168 shares of the bank's stock valued at $299,000 after buying an additional 3,102 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $2,537,000 after buying an additional 26,949 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of TFS Financial during the 1st quarter valued at $159,000. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Company Profile

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.

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