Cathy Zbanek Sells 20,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Cathy Zbanek sold 20,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 53,197 shares of the company’s stock, valued at approximately $751,673.61. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TFS Financial Stock Up 0.6%

Shares of NASDAQ TFSL traded up $0.09 during mid-day trading on Thursday, hitting $14.19. The company had a trading volume of 185,741 shares, compared to its average volume of 370,538. The company has a market capitalization of $3.98 billion, a PE ratio of 44.33 and a beta of 0.72. The business’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $13.32. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.73. 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) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $85.48 million for the quarter, compared to the consensus estimate of $84.36 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%. On average, analysts predict that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd will be issued a $0.2825 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $1.13 annualized dividend and a yield of 8.0%. TFS Financial’s dividend payout ratio (DPR) is 353.13%.

Institutional Investors Weigh In On TFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lakewood Capital Management LP grew its holdings in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after purchasing an additional 420,000 shares during the last quarter. Norges Bank acquired a new stake in shares of TFS Financial in the 2nd quarter valued at about $5,220,000. Two Sigma Investments LP grew its stake in TFS Financial by 289.6% during the 3rd quarter. Two Sigma Investments LP now owns 254,651 shares of the bank’s stock worth $3,355,000 after buying an additional 189,282 shares during the last quarter. Nuveen LLC acquired a new position in TFS Financial during the first quarter worth approximately $2,341,000. Finally, Bank of America Corp DE lifted its stake in TFS Financial by 28.0% in the third quarter. Bank of America Corp DE now owns 834,794 shares of the bank’s stock valued at $10,998,000 after buying an additional 182,810 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TFSL. Weiss Ratings reissued a “buy (b-)” rating on shares of TFS Financial in a research report on Tuesday. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

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.