David S. Huffman Sells 2,290 Shares of TFS Financial Corp. (TFSL) Stock
TFS Financial Corp. (NASDAQ:TFSL) CFO David S. Huffman sold 2,290 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $18.69, for a total value of $42,800.10. Following the completion of the sale, the chief financial officer now owns 33,748 shares of the company’s stock, valued at $630,750.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of TFS Financial Corp. (NASDAQ:TFSL) opened at 18.86 on Friday. TFS Financial Corp. has a 12-month low of $15.58 and a 12-month high of $19.42. The company has a 50-day moving average price of $17.99 and a 200 day moving average price of $17.94. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 67.36 and a beta of 0.54.
TFS Financial Corp. (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business earned $67.63 million during the quarter, compared to the consensus estimate of $67.98 million. TFS Financial Corp. had a return on equity of 4.76% and a net margin of 19.49%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. Equities research analysts expect that TFS Financial Corp. will post $0.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Tuesday, November 29th will be issued a $0.125 dividend. The ex-dividend date is Friday, November 25th. This represents a $0.50 annualized dividend and a dividend yield of 2.65%. TFS Financial Corp.’s dividend payout ratio (DPR) is currently 178.57%.
Several large investors have recently made changes to their positions in TFSL. Victory Capital Management Inc. increased its stake in shares of TFS Financial Corp. by 1,780.0% in the third quarter. Victory Capital Management Inc. now owns 669,249 shares of the company’s stock valued at $11,919,000 after buying an additional 633,651 shares during the period. Brown Advisory Inc. increased its stake in shares of TFS Financial Corp. by 5.3% in the second quarter. Brown Advisory Inc. now owns 3,447,579 shares of the company’s stock valued at $59,367,000 after buying an additional 174,100 shares during the period. Sei Investments Co. increased its stake in shares of TFS Financial Corp. by 243.9% in the third quarter. Sei Investments Co. now owns 228,405 shares of the company’s stock valued at $4,068,000 after buying an additional 161,996 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of TFS Financial Corp. during the second quarter valued at about $1,264,000. Finally, Credit Suisse AG increased its stake in shares of TFS Financial Corp. by 86.7% in the third quarter. Credit Suisse AG now owns 110,739 shares of the company’s stock valued at $1,972,000 after buying an additional 51,411 shares during the period. Institutional investors own 12.07% of the company’s stock.
Separately, Piper Jaffray Cos. lowered TFS Financial Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Friday, August 19th. They noted that the move was a valuation call.
About TFS Financial Corp.
TFS Financial Corporation is a savings and loan holding company. The Company is a stock holding company, which conducts its principal activities through its subsidiaries. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering and other insignificant financial services.
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