TFS Financial Co. (NASDAQ:TFSL - Get Free Report) Director Barbara J. Anderson sold 13,400 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $13.14, for a total transaction of $176,076.00. Following the transaction, the director now owns 1,700 shares of the company's stock, valued at $22,338. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
TFS Financial Stock Performance
Shares of TFSL traded down $0.05 on Monday, reaching $13.23. The company's stock had a trading volume of 275,295 shares, compared to its average volume of 288,641. The stock's 50 day simple moving average is $12.43 and its two-hundred day simple moving average is $13.09. The stock has a market capitalization of $3.71 billion, a P/E ratio of 49.00 and a beta of 0.65. TFS Financial Co. has a 12-month low of $10.97 and a 12-month high of $15.25. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. TFS Financial had a return on equity of 4.15% and a net margin of 11.08%. The company had revenue of $77.10 million for the quarter, compared to analysts' expectations of $71.24 million.
TFS Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date was Wednesday, March 6th. TFS Financial's payout ratio is 418.52%.
Hedge Funds Weigh In On TFS Financial
A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of TFS Financial by 106.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank's stock valued at $28,000 after acquiring an additional 965 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in TFS Financial by 585.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank's stock worth $25,000 after buying an additional 1,715 shares during the period. Quent Capital LLC increased its position in TFS Financial by 228.8% during the fourth quarter. Quent Capital LLC now owns 2,055 shares of the bank's stock valued at $30,000 after acquiring an additional 1,430 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TFS Financial by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank's stock worth $29,000 after acquiring an additional 917 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in TFS Financial in the 4th quarter worth about $49,000. 9.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $14.00 price target (down previously from $15.00) on shares of TFS Financial in a report on Thursday. Piper Sandler initiated coverage on TFS Financial in a research note on Friday, February 23rd. They set a "neutral" rating and a $14.00 price target for the company.
Check Out Our Latest Report on TFSL
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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