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

by · The Cerbat Gem

TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) Director Ashley Williams sold 7,600 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $13.66, for a total transaction of $103,816.00. Following the completion of the sale, the director directly owned 16,510 shares of the company’s stock, valued at approximately $225,526.60. This trade represents a 31.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Stock Performance

TFSL traded down $0.01 on Friday, hitting $13.74. 563,614 shares of the stock traded hands, compared to its average volume of 384,587. The business has a fifty day moving average price of $13.66 and a two-hundred day moving average price of $13.34. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 2.57. The firm has a market capitalization of $3.85 billion, a PE ratio of 42.94 and a beta of 0.72. TFS Financial Corporation has a 52 week low of $11.29 and a 52 week high of $14.73.

TFS Financial (NASDAQ:TFSL – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $85.48 million during 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, research analysts predict that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd will be issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, December 2nd. TFS Financial’s payout ratio is 353.13%.

Hedge Funds Weigh In On TFS Financial

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in TFS Financial by 2.8% during the 1st quarter. Cetera Investment Advisers now owns 31,137 shares of the bank’s stock worth $386,000 after acquiring an additional 837 shares during the period. Aigen Investment Management LP bought a new position in shares of TFS Financial in the 1st quarter worth $128,000. Nuveen LLC acquired a new stake in shares of TFS Financial during the first quarter worth $2,341,000. Russell Investments Group Ltd. increased its holdings in TFS Financial by 100.9% in the first quarter. Russell Investments Group Ltd. now owns 8,283 shares of the bank’s stock valued at $103,000 after purchasing an additional 4,161 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in TFS Financial by 23.0% in the first quarter. Vestmark Advisory Solutions Inc. now owns 39,063 shares of the bank’s stock valued at $484,000 after buying an additional 7,301 shares during the period. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TFSL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a report on Monday. 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on TFS Financial

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.

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