Key Points
- CFO Meredith Weil sold 15,000 shares of TFS Financial on Nov. 12 at an average price of $13.85 for $207,750, reducing her ownership by 23.61% to 48,527 shares (worth about $672,099).
- The firm pays a quarterly dividend that annualizes to $1.13 for a yield of 8.3%, but this comes with a very high payout ratio of 353.13%, indicating sustainability risk.
- TFS reported quarterly EPS of $0.09 (beating the $0.08 estimate); the stock trades near $13.67 with a P/E of 47.14 and a one‑year range of $11.29–$14.99.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CFO Meredith Weil sold 15,000 shares of TFS Financial stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total transaction of $207,750.00. Following the completion of the transaction, the chief financial officer owned 48,527 shares in the company, valued at approximately $672,098.95. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
TFS Financial Price Performance
Shares of TFSL stock remained flat at $13.67 during mid-day trading on Friday. 380,975 shares of the stock traded hands, compared to its average volume of 357,999. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 47.14 and a beta of 0.76. The company has a fifty day simple moving average of $13.40 and a 200-day simple moving average of $13.25. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.99.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The firm had revenue of $85.48 million during the quarter, compared to analysts' expectations of $84.36 million. On average, analysts expect that TFS Financial Corporation will post 0.29 EPS for the current year.
TFS Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a $0.2825 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.3%. TFS Financial's payout ratio is currently 353.13%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on TFSL shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of TFS Financial in a research report on Wednesday, October 8th. Wall Street Zen upgraded TFS Financial from a "sell" rating to a "hold" rating in a research report on Saturday, November 1st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.00.
Read Our Latest Research Report on TFS Financial
Institutional Trading of TFS Financial
Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in TFS Financial by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,866,082 shares of the bank's stock valued at $37,761,000 after acquiring an additional 46,288 shares during the period. Lakewood Capital Management LP increased its stake in TFS Financial by 19.9% in the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank's stock worth $33,377,000 after buying an additional 420,000 shares during the period. Bank of New York Mellon Corp increased its position in shares of TFS Financial by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank's stock worth $19,953,000 after acquiring an additional 46,080 shares during the period. Cramer Rosenthal Mcglynn LLC raised its stake in shares of TFS Financial by 6.4% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank's stock valued at $17,206,000 after acquiring an additional 84,002 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in TFS Financial by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank's stock worth $14,949,000 after purchasing an additional 23,622 shares in the last quarter. Institutional investors own 9.81% of the company's stock.
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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