TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 15,000 Shares

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was 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 SEC, which is available through the SEC website.

TFS Financial Price Performance

NASDAQ TFSL remained flat at $13.67 during trading hours on Friday. The company’s stock had a trading volume of 380,375 shares, compared to its average volume of 357,994. The firm has a market cap of $3.84 billion, a P/E ratio of 47.14 and a beta of 0.76. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $14.99. The firm has a 50-day moving average price of $13.39 and a 200 day moving average price of $13.25.

TFS Financial (NASDAQ:TFSL) last issued its 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 business had revenue of $85.48 million during 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, sell-side analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued 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%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TFSL. Goldman Sachs Group Inc. boosted its holdings in shares of TFS Financial by 64.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock valued at $1,139,000 after purchasing an additional 36,004 shares during the last quarter. Nuveen LLC purchased a new position in TFS Financial during the 1st quarter valued at $2,341,000. Nisa Investment Advisors LLC grew its holdings in shares of TFS Financial by 139.1% in the first quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the bank’s stock worth $136,000 after purchasing an additional 6,400 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of TFS Financial by 5.4% during the second quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock valued at $334,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its position in shares of TFS Financial by 124.6% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 87,736 shares of the bank’s stock worth $1,136,000 after buying an additional 48,673 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TFSL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TFS Financial in a research note on Wednesday, October 8th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, TFS Financial currently has an average rating of “Hold” and an average target price of $15.00.

TFS Financial Company Profile

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.