TFS Financial (NASDAQ:TFSL) Director Sells $52,143.00 in Stock

Key Points

• TFS Financial Director Daniel Weir sold 3,900 shares of the company's stock for $52,143, reducing his ownership by 20.70% to a total of 14,941 shares valued at approximately $199,761.
• The company announced a quarterly dividend of $0.2825 per share, providing a yield of 8.4%, with a payout ratio currently at 389.66%.
• TFS Financial recently reported earnings per share of $0.08 for the last quarter, meeting analyst expectations with revenue exceeding estimates at $82.04 million.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) Director Daniel Weir sold 3,900 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.37, for a total transaction of $52,143.00. Following the completion of the sale, the director directly owned 14,941 shares in the company, valued at approximately $199,761.17. The trade was a 20.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TFS Financial Trading Down 0.0%

Shares of TFS Financial stock traded down $0.01 during mid-day trading on Friday, hitting $13.46. 69,960 shares of the stock were exchanged, compared to its average volume of 337,640. The company has a 50-day simple moving average of $13.23 and a 200 day simple moving average of $12.93. 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 $3.78 billion, a price-to-earnings ratio of 46.33 and a beta of 0.74. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $14.99.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $82.04 million during 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%. Research analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.2825 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.4%. TFS Financial's dividend payout ratio (DPR) is currently 389.66%.

Institutional Trading of TFS Financial

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of TFS Financial during the second quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in TFS Financial during the first quarter valued at $29,000. Deutsche Bank AG acquired a new position in shares of TFS Financial during the fourth quarter valued at $47,000. Quarry LP lifted its holdings in TFS Financial by 260.1% in the first quarter. Quarry LP now owns 3,993 shares of the bank's stock worth $49,000 after purchasing an additional 2,884 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in TFS Financial by 913.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank's stock worth $68,000 after acquiring an additional 4,731 shares in the last quarter. 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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