Insider Buying: TFS Financial (NASDAQ:TFSL) Director Purchases $66,850.00 in Stock

Key Points

• Insider purchase: Director Anthony Asher bought 5,000 shares on March 12 at an average price of $13.37 (totaling $66,850), increasing his stake by 11.28% to 49,314 shares valued at about $659,328.
• High-yield dividend announced: TFS declared a quarterly dividend of $0.2825 (annualized $1.13) to be paid March 25, implying an 8.4% yield, though the payout ratio is a very high 353.13%.
• Recent results and valuation: the bank reported Q4 EPS of $0.08 versus a $0.09 consensus and revenue of $83.73M vs. $84.97M expected; the stock trades around $13.53, carries a P/E of 42.37 and a consensus target of $15.00.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Anthony Asher purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $13.37 per share, with a total value of $66,850.00. Following the completion of the acquisition, the director directly owned 49,314 shares in the company, valued at $659,328.18. The trade was a 11.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

TFS Financial Stock Up 0.5%

Shares of NASDAQ:TFSL traded up $0.07 on Friday, hitting $13.53. 606,948 shares of the company's stock were exchanged, compared to its average volume of 753,080. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $15.42. The company has a market capitalization of $3.80 billion, a PE ratio of 42.37 and a beta of 0.72. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. The firm's 50-day moving average is $14.30 and its 200 day moving average is $13.88.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $83.73 million for the quarter, compared to analysts' expectations of $84.97 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.29%. Sell-side analysts predict that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.4%. The ex-dividend date is Wednesday, March 11th. TFS Financial's dividend payout ratio is currently 353.13%.

Institutional Trading of TFS Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TFSL. Quent Capital LLC purchased a new stake in shares of TFS Financial in the third quarter valued at $27,000. Empowered Funds LLC acquired a new position in TFS Financial in the 4th quarter valued at about $28,000. Comerica Bank raised its stake in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank's stock valued at $33,000 after purchasing an additional 1,773 shares during the last quarter. Danske Bank A S purchased a new position in TFS Financial in the 3rd quarter valued at about $47,000. Finally, Elevation Wealth Partners LLC purchased a new position in TFS Financial in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 9.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TFSL shares. Wall Street Zen lowered shares of TFS Financial from a "hold" rating to a "sell" rating in a research note on Saturday, January 31st. Piper Sandler assumed coverage on shares of TFS Financial in a report on Friday, January 16th. They issued a "neutral" rating and a $15.00 target price on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of TFS Financial in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of TFS Financial to a "hold" rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.00.

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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