Insider Selling: TFS Financial Co. (NASDAQ:TFSL) Director Sells $797,393.80 in Stock

TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher sold 59,507 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $13.40, for a total value of $797,393.80. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $1,340. The trade was a 99.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Price Performance

NASDAQ TFSL opened at $13.32 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $3.74 billion, a PE ratio of 47.57 and a beta of 0.78. TFS Financial Co. has a 12-month low of $11.29 and a 12-month high of $15.00. The company has a 50 day moving average price of $12.45 and a two-hundred day moving average price of $12.98.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $79.12 million during the quarter, compared to analysts’ expectations of $69.42 million. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. As a group, equities analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.2825 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.13 annualized dividend and a yield of 8.48%. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Institutional Trading of TFS Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in TFS Financial in the 4th quarter worth $4,689,000. Bank of America Corp DE grew its position in shares of TFS Financial by 39.7% in the fourth quarter. Bank of America Corp DE now owns 501,096 shares of the bank’s stock valued at $6,294,000 after purchasing an additional 142,291 shares during the last quarter. Sage Investment Counsel LLC bought a new position in shares of TFS Financial in the fourth quarter worth about $1,355,000. Vanguard Group Inc. lifted its position in shares of TFS Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock worth $66,324,000 after purchasing an additional 76,919 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its stake in TFS Financial by 56.0% during the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank’s stock valued at $2,580,000 after purchasing an additional 73,719 shares during the period. 9.81% of the stock is currently owned by institutional investors and hedge funds.

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.