Key Points
- Insider sale: Cathy Zbanek sold 20,000 shares of TFS Financial (TFSL) on Dec. 3 at $14.13 per share for $282,600, cutting her stake by 27.32% to 53,197 shares (valued ≈ $751,674).
- Dividend: The company declared a quarterly payout of $0.2825 (annualized $1.13) with a record date of Dec. 2, implying an ≈8.0% yield but a very high payout ratio of 353.13%.
- Recent results and stock data: TFS beat Q3 estimates with $0.09 EPS vs. $0.08 and $85.48M revenue; the stock trades around $14.14, market cap ≈ $3.97B and P/E ≈ 44.
TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) insider Cathy Zbanek sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $14.13, for a total transaction of $282,600.00. Following the sale, the insider directly owned 53,197 shares in the company, valued at $751,673.61. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
TFS Financial Trading Up 0.1%
Shares of NASDAQ:TFSL traded up $0.01 during mid-day trading on Friday, reaching $14.14. 26,592 shares of the company's stock were exchanged, compared to its average volume of 371,969. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.53 and a current ratio of 1.54. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $14.73. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 44.19 and a beta of 0.72. The business's fifty day moving average price is $13.60 and its 200-day moving average price is $13.32.
TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm 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 4.79% and a net margin of 11.48%. On average, research analysts predict that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.
TFS Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. TFS Financial's dividend payout ratio is currently 353.13%.
Wall Street Analysts Forecast Growth
TFSL has been the subject of a number of analyst reports. Wall Street Zen raised shares of TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a "buy (b-)" rating on shares of TFS Financial in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy".
Read Our Latest Analysis on TFSL
Institutional Trading of TFS Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lakewood Capital Management LP raised its stake in TFS Financial by 19.9% during 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. Norges Bank acquired a new position in shares of TFS Financial during the second quarter worth approximately $5,220,000. Two Sigma Investments LP lifted its holdings in shares of TFS Financial by 289.6% in the 3rd quarter. Two Sigma Investments LP now owns 254,651 shares of the bank's stock worth $3,355,000 after purchasing an additional 189,282 shares in the last quarter. Nuveen LLC bought a new position in shares of TFS Financial in the 1st quarter worth $2,341,000. Finally, Bank of America Corp DE grew its position in TFS Financial by 28.0% in the 3rd quarter. Bank of America Corp DE now owns 834,794 shares of the bank's stock valued at $10,998,000 after purchasing an additional 182,810 shares during the period. 9.81% of the stock is owned by institutional investors.
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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