Insider Buying: TFS Financial (NASDAQ:TFSL) Director Acquires $19,987.71 in Stock

TFS Financial Corporation (NASDAQ:TFSL) Director Anthony Asher purchased 1,439 shares of TFS Financial stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of $13.89 per share, with a total value of $19,987.71. Following the transaction, the director owned 39,114 shares in the company, valued at $543,293.46. This trade represents a 3.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

TFS Financial Stock Performance

TFSL opened at $14.27 on Friday. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.73. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 44.60 and a beta of 0.72. The company’s fifty day moving average price is $13.72 and its two-hundred day moving average price is $13.37. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 2.57.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. TFS Financial had a net margin of 11.48% and a return on equity of 4.79%. The company had revenue of $85.48 million during the quarter, compared to the consensus estimate of $84.36 million. On average, analysts expect 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 Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were paid a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a dividend yield of 7.9%. TFS Financial’s dividend payout ratio is 353.13%.

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently modified their holdings of TFSL. Lakewood Capital Management LP grew its position in TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after buying an additional 420,000 shares during the period. Norges Bank purchased a new position in TFS Financial in the second quarter valued at about $5,220,000. Two Sigma Investments LP increased its stake in shares of 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 purchasing an additional 189,282 shares during the last quarter. Nuveen LLC bought a new stake in shares of TFS Financial in the 1st quarter worth approximately $2,341,000. Finally, Bank of America Corp DE raised its holdings in shares of 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 purchasing an additional 182,810 shares during the period. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TFSL. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday. One investment 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.