Insider Selling: TFS Financial (NASDAQ:TFSL) CFO Sells 600 Shares

Key Points

• TFS Financial CFO Meredith Weil sold 600 shares at an average price of $18, generating $10,800; she retained 38,480 shares after the transaction.
• TFSL shares fell 0.9% to $17.38, while the company’s latest quarterly results exceeded expectations with earnings of $0.11 per share versus an $0.08 consensus estimate.
• TFS Financial raised its quarterly dividend to $0.3175, equivalent to a 7.3% annualized yield, though its payout ratio remains high at 313.89%; analysts maintain a consensus “Hold” rating with a $19 price target.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CFO Meredith Weil sold 600 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $18.00, for a total value of $10,800.00. Following the completion of the transaction, the chief financial officer owned 38,480 shares in the company, valued at $692,640. This represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TFS Financial Stock Down 0.9%

TFSL traded down $0.15 during midday trading on Monday, hitting $17.38. 408,437 shares of the company's stock traded hands, compared to its average volume of 830,452. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. The company has a market cap of $4.87 billion, a PE ratio of 48.28 and a beta of 0.70. The stock's fifty day simple moving average is $17.78 and its 200-day simple moving average is $15.92. TFS Financial Corporation has a one year low of $12.53 and a one year high of $19.49.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. As a group, equities analysts anticipate that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a $0.3175 dividend. This is a boost from TFS Financial's previous quarterly dividend of $0.28. This represents a $1.27 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Wednesday, September 9th. TFS Financial's dividend payout ratio is currently 313.89%.

Institutional Investors Weigh In On TFS Financial

A number of hedge funds have recently bought and sold shares of TFSL. Toth Financial Advisory Corp bought a new position in shares of TFS Financial in the second quarter worth about $35,000. Allworth Financial LP acquired a new stake in TFS Financial in the 2nd quarter valued at approximately $36,000. Empowered Funds LLC bought a new position in TFS Financial in the 4th quarter worth approximately $28,000. Comerica Bank increased its position in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank's stock worth $33,000 after buying an additional 1,773 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of TFS Financial during the second quarter worth approximately $44,000. 9.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings upgraded TFS Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Wall Street Zen raised TFS Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Piper Sandler boosted their target price 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. According to data from MarketBeat.com, TFS Financial presently has a consensus rating of "Hold" and a consensus price target of $19.00.

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.

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