Ashley Williams Sells 7,600 Shares of TFS Financial (NASDAQ:TFSL) Stock

Key Points

  • Director Ashley Williams sold 7,600 TFS Financial shares on Dec. 12 at an average price of $13.66 for $103,816, cutting her holding to 16,510 shares (a 31.52% decrease).
  • The company announced a quarterly dividend of $0.2825 per share (paid Dec. 16), implying a 8.2% yield and an unusually high payout ratio of 353.13%.
  • TFS Financial slightly beat the quarter's expectations with EPS of $0.09 versus $0.08 and revenue of $85.48M vs. $84.36M, and analysts project about $0.29 in earnings for the fiscal year.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Ashley Williams sold 7,600 shares of the firm's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.66, for a total transaction of $103,816.00. Following the transaction, the director owned 16,510 shares of the company's stock, valued at approximately $225,526.60. This trade represents a 31.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

TFS Financial Stock Down 0.1%

NASDAQ TFSL opened at $13.74 on Friday. TFS Financial Corporation has a 12 month low of $11.29 and a 12 month high of $14.73. The company has a market capitalization of $3.85 billion, a P/E ratio of 42.94 and a beta of 0.72. The company's 50 day simple moving average is $13.67 and its 200 day simple moving average is $13.34. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.53.

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. The firm had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%. Equities research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement




The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.2825 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.2%. TFS Financial's payout ratio is 353.13%.

Analyst Upgrades and Downgrades

TFSL has been the topic of a number of analyst reports. Wall Street Zen raised 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 Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Get Our Latest Analysis on TFS Financial

Institutional Investors Weigh In On TFS Financial

Several hedge funds have recently bought and sold shares of TFSL. Lakewood Capital Management LP boosted its position 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 acquiring an additional 420,000 shares during the period. Norges Bank acquired a new stake in shares of TFS Financial during the second quarter worth approximately $5,220,000. Two Sigma Investments LP grew its position in TFS Financial by 289.6% during the third quarter. Two Sigma Investments LP now owns 254,651 shares of the bank's stock valued at $3,355,000 after purchasing an additional 189,282 shares in the last quarter. Nuveen LLC acquired a new position in TFS Financial in the 1st quarter valued at approximately $2,341,000. Finally, Bank of America Corp DE lifted 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 worth $10,998,000 after buying an additional 182,810 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Stories

Insider Buying and Selling by Quarter for TFS Financial (NASDAQ:TFSL)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at TFS Financial?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for TFS Financial and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles