TFS Financial Co. (NASDAQ:TFSL - Get Free Report) Director Barbara J. Anderson sold 13,400 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $13.14, for a total transaction of $176,076.00. Following the sale, the director now directly owns 1,700 shares in the company, valued at $22,338. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
TFS Financial Stock Down 0.4 %
Shares of NASDAQ:TFSL opened at $13.23 on Tuesday. TFS Financial Co. has a 52 week low of $10.97 and a 52 week high of $15.25. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $3.71 billion, a PE ratio of 49.00 and a beta of 0.65. The company has a 50 day moving average price of $12.44 and a two-hundred day moving average price of $13.11.
TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its earnings results on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. TFS Financial had a net margin of 11.08% and a return on equity of 4.15%. The firm had revenue of $77.10 million during the quarter, compared to the consensus estimate of $71.24 million.
TFS Financial Dividend Announcement
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The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.54%. The ex-dividend date was Wednesday, March 6th. TFS Financial's payout ratio is presently 418.52%.
Institutional Investors Weigh In On TFS Financial
Several large investors have recently bought and sold shares of TFSL. Bank of New York Mellon Corp increased its stake in TFS Financial by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 1,254,895 shares of the bank's stock valued at $14,833,000 after purchasing an additional 23,321 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of TFS Financial by 4.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 975,030 shares of the bank's stock worth $11,525,000 after acquiring an additional 41,045 shares in the last quarter. Advisor Partners II LLC increased its position in shares of TFS Financial by 49.0% during the third quarter. Advisor Partners II LLC now owns 79,823 shares of the bank's stock worth $944,000 after acquiring an additional 26,249 shares in the last quarter. Inspire Advisors LLC increased its position in shares of TFS Financial by 9.1% during the third quarter. Inspire Advisors LLC now owns 65,433 shares of the bank's stock worth $773,000 after acquiring an additional 5,448 shares in the last quarter. Finally, Malaga Cove Capital LLC bought a new stake in shares of TFS Financial during the third quarter worth $164,000. Institutional investors own 9.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of TFS Financial in a research report on Friday, February 23rd. They set a "neutral" rating and a $14.00 target price on the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $14.00 target price (down from $15.00) on shares of TFS Financial in a research report on Thursday, May 2nd.
View Our Latest Analysis on TFS Financial
TFS Financial Company Profile
(
Get Free Report)
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.
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