Key Points
- COO Andrew Rubino sold 5,000 shares on November 24 at an average price of $14.23 for $71,150, reducing his stake by about 20.7% to 19,126 shares, per an SEC filing.
- TFS Financial declared a quarterly dividend of $0.2825 (annualized $1.13) implying a 7.8% yield353.13% (ex-dividend Dec 2, pay Dec 16).
- The bank beat quarterly estimates (EPS $0.09 vs. $0.08; revenue $85.48M vs. $84.36M), trades around $14.41 with a market cap of ~$4.04B and PE ~49.7, and carries a consensus "Hold" rating from analysts.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) COO Andrew Rubino sold 5,000 shares of TFS Financial stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $14.23, for a total value of $71,150.00. Following the completion of the sale, the chief operating officer directly owned 19,126 shares of the company's stock, valued at approximately $272,162.98. This trade represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
TFS Financial Stock Performance
Shares of TFS Financial stock traded down $0.07 during trading hours on Thursday, reaching $14.41. The company had a trading volume of 571,321 shares, compared to its average volume of 364,666. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.73. The firm has a market cap of $4.04 billion, a PE ratio of 49.69 and a beta of 0.76. The business has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $13.29.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. On average, analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.
TFS Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Tuesday, December 2nd. TFS Financial's dividend payout ratio (DPR) is presently 353.13%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on TFSL shares. Wall Street Zen upgraded TFS Financial from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. Weiss Ratings restated a "hold (c+)" rating on shares of TFS Financial in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, TFS Financial currently has a consensus rating of "Hold".
Check Out Our Latest Research Report on TFS Financial
Hedge Funds Weigh In On TFS Financial
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of TFS Financial by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,866,082 shares of the bank's stock worth $37,761,000 after acquiring an additional 46,288 shares during the period. Lakewood Capital Management LP lifted its position in shares of TFS Financial by 19.9% during the 3rd quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank's stock valued at $33,377,000 after buying an additional 420,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of TFS Financial by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank's stock valued at $19,953,000 after purchasing an additional 46,080 shares during the period. Cramer Rosenthal Mcglynn LLC raised its holdings in 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 during the period. Finally, Geode Capital Management LLC boosted its stake in TFS Financial by 2.1% in the 2nd 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 during the period. Hedge funds and other institutional investors own 9.81% of the company's stock.
About TFS Financial
(
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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