TFS Financial (NASDAQ:TFSL) CFO Meredith Weil Sells 15,000 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) CFO Meredith Weil sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total value of $207,750.00. Following the transaction, the chief financial officer owned 48,527 shares in the company, valued at $672,098.95. This represents a 23.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

TFS Financial Price Performance

Shares of TFSL stock remained flat at $13.67 during trading hours on Friday. The stock had a trading volume of 380,975 shares, compared to its average volume of 357,999. 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 company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 47.14 and a beta of 0.76. The business’s fifty day moving average price is $13.40 and its 200 day moving average price is $13.25. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $14.99.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $85.48 million during the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. On average, equities analysts forecast that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.3%. TFS Financial’s dividend payout ratio is presently 353.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of TFS Financial in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Institutional Investors Weigh In On TFS Financial

A number of institutional investors have recently made changes to their positions in TFSL. Dimensional Fund Advisors LP lifted its holdings in shares of TFS Financial by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,866,082 shares of the bank’s stock worth $37,761,000 after acquiring an additional 46,288 shares during the last quarter. Lakewood Capital Management LP boosted its position in shares of TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after buying an additional 420,000 shares during the period. Bank of New York Mellon Corp grew its stake in shares of TFS Financial by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank’s stock valued at $19,953,000 after buying an additional 46,080 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of TFS Financial by 6.4% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank’s stock valued at $17,206,000 after buying an additional 84,002 shares during the period. Finally, Geode Capital Management LLC lifted its stake in TFS Financial by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank’s stock worth $14,949,000 after acquiring an additional 23,622 shares in the last quarter. 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.