TFS Financial Co. (NASDAQ:TFSL) manager sells $93,996.00 worth of stock

TFS Financial Co. (NASDAQ: TFSL – Get a rating) Director Martin J. Cohen sold 6,300 shares in a trade dated Monday, August 22. The stock was sold at an average price of $14.92, for a total value of $93,996.00. Following the sale, the director now owns 19,200 shares of the company, valued at $286,464. The sale was disclosed in an SEC filing, available at the SEC website.

TFS Financial Stock down 0.3%

Shares of TFSL traded down $0.04 on Tuesday, hitting $14.80. 154,094 shares of the company have been traded, against an average volume of 261,601. The company has a market capitalization of $4.15 billion, a price-earnings ratio of 61.84 and a beta of 0.49. The company has a 50-day moving average of $14.17 and a 200-day moving average of $15.20. The company has a debt ratio of 2.34, a current ratio of 1.55 and a quick ratio of 1.55. TFS Financial Co. has a one-year low of $12.81 and a one-year high of $20.50.

TFS Financial (NASDAQ:TFSL – Get a rating) last released its quarterly earnings data on Thursday, July 28. The bank reported earnings per share (EPS) of $0.06 for the quarter, beating analysts’ consensus estimate of $0.05 by $0.01. The company posted revenue of $76.98 million for the quarter, compared to analysts’ expectations of $71.00 million. TFS Financial posted a net margin of 16.11% and a return on equity of 3.73%. Analysts expect TFS Financial Co. to post earnings per share of 0.26 for the current year.

TFS Financial Announces Dividend


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The company also recently declared a quarterly dividend, which was paid on Tuesday, June 21. Investors of record on Tuesday, June 7 received a dividend of $0.2825. The ex-dividend date was Monday, June 6. This represents an annualized dividend of $1.13 and a yield of 7.64%. TFS Financial’s payout ratio is 470.85%.

Hedge funds weigh on TFS Financial

Several large investors have recently increased or reduced their stake in TFSL. Millennium Management LLC increased its position in TFS Financial by 462.7% in the 2nd quarter. Millennium Management LLC now owns 388,678 shares of the bank valued at $5,337,000 after acquiring 319,603 additional shares last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in TFS Financial shares by 21.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 805,848 shares of the bank worth $13,377,000 after purchasing an additional 143,256 shares last quarter. Renaissance Technologies LLC increased its position in TFS Financial shares by 2.3% during the second quarter. Renaissance Technologies LLC now owns 4,925,602 shares of the bank worth $67,629,000 after purchasing an additional 109,800 shares last quarter. BlackRock Inc. increased its position in TFS Financial shares by 3.2% during the 1st quarter. BlackRock Inc. now owns 2,823,560 shares of the bank worth $46,871,000 after purchasing an additional 87,916 shares last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of TFS Financial during the 4th quarter at a value of approximately $1,364,000. Institutional investors hold 8.82% of the company’s shares.

Analyst upgrades and downgrades

Separately, upgraded TFS Financial shares from a “sell” to a “hold” rating in a Saturday, July 30 research report.

About TFS Financial

(Get a rating)

TFS Financial Corporation, through its subsidiaries, provides retail banking services in the United States. Its deposit products include savings, money market, chequing, individual retirement and other eligible plan accounts, and certificates of deposit. The Company also offers residential real estate mortgages, home construction loans, home equity loans and lines of credit, as well as purchase mortgages and senior mortgage refinancing loans.

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