Insider Buying: TFS Financial (NASDAQ:TFSL) Director Buys 37,675 Shares of Stock

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 Asher acquired 37,675 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $13.26 per share, with a total value of $499,570.50. Following the acquisition, the director owned 37,675 shares in the company, valued at approximately $499,570.50. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

TFS Financial Stock Up 1.1%

Shares of TFSL traded up $0.1550 during midday trading on Monday, hitting $13.9050. 273,377 shares of the company's stock traded hands, compared to its average volume of 329,630. TFS Financial Corporation has a 1 year low of $11.29 and a 1 year high of $14.99. The firm's fifty day moving average is $12.98 and its 200-day moving average is $12.89. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 47.95 and a beta of 0.75.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.30 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. As a group, sell-side analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.1%. The ex-dividend date was Tuesday, June 10th. TFS Financial's payout ratio is presently 389.66%.

Institutional Trading of TFS Financial

Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of TFS Financial in the 2nd quarter valued at about $5,220,000. Nuveen LLC acquired a new position in shares of TFS Financial in the 1st quarter valued at about $2,341,000. Bank of America Corp DE lifted its holdings in shares of TFS Financial by 39.7% in the 4th quarter. Bank of America Corp DE now owns 501,096 shares of the bank's stock valued at $6,294,000 after buying an additional 142,291 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of 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 during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of TFS Financial by 114.4% in the 2nd quarter. Quantinno Capital Management LP now owns 121,842 shares of the bank's stock valued at $1,578,000 after buying an additional 65,017 shares during the period. Hedge funds and other institutional investors own 9.81% of the company's stock.

About TFS Financial

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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