Insider Selling: TFS Financial (NASDAQ:TFSL) Director Sells 3,900 Shares of 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 F. Weir sold 3,900 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $13.37, for a total transaction of $52,143.00. Following the completion of the transaction, the director owned 14,941 shares of the company's stock, valued at $199,761.17. This trade represents a 20.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

TFS Financial Trading Up 2.4%

Shares of TFS Financial stock traded up $0.32 on Wednesday, hitting $13.47. 247,354 shares of the company's stock traded hands, compared to its average volume of 340,454. The firm's 50-day moving average price is $13.22 and its two-hundred day moving average price is $12.93. The stock has a market capitalization of $3.78 billion, a PE ratio of 46.24 and a beta of 0.74. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.99. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $80.30 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. On average, research analysts expect that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently disclosed 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. 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 is currently 389.66%.

Institutional Trading of TFS Financial

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new position in shares of TFS Financial during the 2nd quarter worth about $25,000. Summit Securities Group LLC acquired a new position in shares of TFS Financial during the 1st quarter worth about $29,000. Deutsche Bank AG acquired a new position in shares of TFS Financial during the 4th quarter worth about $47,000. Quarry LP boosted its stake in shares of TFS Financial by 260.1% during the 1st quarter. Quarry LP now owns 3,993 shares of the bank's stock worth $49,000 after buying an additional 2,884 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of TFS Financial by 913.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank's stock worth $68,000 after buying an additional 4,731 shares during 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.