TFS Financial (NASDAQ:TFSL) Director Anthony J. Asher Purchases 37,675 Shares

Key Points

• TFS Financial Director Anthony Asher purchased 37,675 shares of the company's stock for approximately $499,570 on August 21st, significantly increasing his position in the firm.
• The company's stock saw a 1.1% increase, reaching $13.9050, with trade volumes lower than the average.
• TFS Financial recently announced a quarterly dividend of $0.2825 per share, representing an annual yield of 8.1% despite a high payout ratio of 389.66%.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Anthony J. Asher purchased 37,675 shares of the company's stock in a transaction on Thursday, August 21st. The stock was purchased at an average price of $13.26 per share, for a total transaction of $499,570.50. Following the purchase, the director directly owned 37,675 shares of the company's stock, valued at $499,570.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL traded down $0.17 during trading hours on Friday, hitting $14.06. The stock had a trading volume of 391,052 shares, compared to its average volume of 351,188. The stock's fifty day simple moving average is $13.12 and its 200 day simple moving average is $12.92. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.99. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 48.48 and a beta of 0.75. 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 (NASDAQ:TFSL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $82.04 million for the quarter, compared to analyst estimates of $80.30 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. Sell-side analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Wednesday, September 10th. TFS Financial's dividend payout ratio is currently 389.66%.

Hedge Funds Weigh In On TFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in TFS Financial by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,559,629 shares of the bank's stock valued at $32,150,000 after buying an additional 43,064 shares in the last quarter. Bank of New York Mellon Corp grew its position in TFS Financial by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank's stock valued at $19,953,000 after buying an additional 46,080 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in TFS Financial by 6.4% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank's stock valued at $17,206,000 after buying an additional 84,002 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of TFS Financial by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank's stock valued at $14,949,000 after purchasing an additional 23,622 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TFS Financial by 5.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank's stock valued at $13,197,000 after purchasing an additional 52,350 shares in the last quarter. Institutional investors own 9.81% of the company's stock.

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.