TFS Financial (NASDAQ:TFSL) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Shares of TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.83 and traded as high as $13.42. TFS Financial shares last traded at $13.28, with a volume of 321,425 shares changing hands.

TFS Financial Stock Performance

The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.51 and a current ratio of 1.51. The stock's fifty day moving average price is $13.16 and its 200-day moving average price is $12.83. The company has a market capitalization of $3.75 billion, a P/E ratio of 47.68 and a beta of 0.74.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.07. The company had revenue of $79.12 million for the quarter, compared to analysts' expectations of $69.42 million. TFS Financial had a net margin of 10.57% and a return on equity of 4.30%. As a group, research analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.46%. TFS Financial's payout ratio is 403.57%.

Insider Activity

In other news, Director Anthony J. Asher sold 59,507 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $13.40, for a total value of $797,393.80. Following the sale, the director directly owned 100 shares of the company's stock, valued at approximately $1,340. This represents a 99.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $13.48, for a total transaction of $202,200.00. Following the completion of the transaction, the chief financial officer directly owned 78,527 shares in the company, valued at approximately $1,058,543.96. This represents a 16.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,012 shares of company stock valued at $1,128,466 in the last 90 days. 0.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFSL. Summit Securities Group LLC bought a new position in TFS Financial in the 1st quarter valued at about $29,000. Aquatic Capital Management LLC bought a new position in TFS Financial in the 4th quarter valued at about $43,000. Ancora Advisors LLC raised its holdings in TFS Financial by 128.8% in the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank's stock valued at $45,000 after acquiring an additional 2,000 shares during the period. Deutsche Bank AG bought a new position in TFS Financial in the 4th quarter valued at about $47,000. Finally, Quarry LP raised its holdings in TFS Financial by 260.1% in the 1st quarter. Quarry LP now owns 3,993 shares of the bank's stock valued at $49,000 after acquiring an additional 2,884 shares during the period. 9.81% of the stock is owned by institutional investors.

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.