TFS Financial Co. (NASDAQ:TFSL) COO Meredith S. Weil acquired 5,330 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of $14.99 per share, with a total value of $79,896.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of TFS Financial Co. (NASDAQ:TFSL) traded down $0.01 on Wednesday, hitting $15.44. 119,663 shares of the company’s stock were exchanged, compared to its average volume of 202,501. TFS Financial Co. has a 1-year low of $14.32 and a 1-year high of $17.82. The firm has a market capitalization of $4,319.63, a PE ratio of 49.81 and a beta of 0.42. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.21.
TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. TFS Financial had a net margin of 20.32% and a return on equity of 5.54%. The business had revenue of $69.99 million during the quarter, compared to analysts’ expectations of $70.60 million. During the same period last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts forecast that TFS Financial Co. will post 0.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Friday, March 2nd. TFS Financial’s dividend payout ratio is presently 219.35%.
Several institutional investors and hedge funds have recently made changes to their positions in TFSL. Dimensional Fund Advisors LP increased its position in shares of TFS Financial by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,812 shares of the bank’s stock valued at $15,931,000 after acquiring an additional 13,200 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of TFS Financial by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock valued at $134,000 after acquiring an additional 574 shares during the last quarter. Aperio Group LLC increased its position in shares of TFS Financial by 61.2% during the third quarter. Aperio Group LLC now owns 55,009 shares of the bank’s stock valued at $887,000 after acquiring an additional 20,874 shares during the last quarter. Sei Investments Co. increased its position in shares of TFS Financial by 12.9% during the third quarter. Sei Investments Co. now owns 140,033 shares of the bank’s stock valued at $2,259,000 after acquiring an additional 15,968 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of TFS Financial by 157.1% during the third quarter. Russell Investments Group Ltd. now owns 39,172 shares of the bank’s stock valued at $632,000 after acquiring an additional 23,934 shares during the last quarter. Institutional investors and hedge funds own 11.02% of the company’s stock.
Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BidaskClub cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th.
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About TFS Financial
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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