TFS Financial Co. (NASDAQ:TFSL – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.94 and traded as high as $14.34. TFS Financial shares last traded at $14.22, with a volume of 116,520 shares.
Analyst Upgrades and Downgrades
TFSL has been the topic of a number of recent research reports. StockNews.com assumed coverage on TFS Financial in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Piper Sandler dropped their price objective on TFS Financial to $19.00 in a research report on Thursday, September 29th.
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The company has a debt-to-equity ratio of 2.60, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $3.99 billion, a PE ratio of 52.67 and a beta of 0.49. The firm has a 50-day moving average of $13.98 and a 200 day moving average of $13.94.
TFS Financial (NASDAQ:TFSL – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The bank reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $79.89 million for the quarter, compared to analysts' expectations of $83.40 million. TFS Financial had a return on equity of 4.14% and a net margin of 17.22%. As a group, research analysts anticipate that TFS Financial Co. will post 0.32 earnings per share for the current fiscal year.TFS Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Shareholders of record on Tuesday, November 29th were given a $0.2825 dividend. The ex-dividend date was Monday, November 28th. This represents a $1.13 annualized dividend and a yield of 7.95%. TFS Financial's payout ratio is 418.52%.
Insiders Place Their Bets
In other news, Director Anthony J. Asher bought 3,000 shares of the company's stock in a transaction on Monday, November 28th. The shares were acquired at an average cost of $13.51 per share, with a total value of $40,530.00. Following the completion of the transaction, the director now owns 61,207 shares of the company's stock, valued at approximately $826,906.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Anthony J. Asher bought 3,000 shares of the company's stock in a transaction on Monday, November 28th. The shares were acquired at an average cost of $13.51 per share, with a total value of $40,530.00. Following the completion of the transaction, the director now owns 61,207 shares of the company's stock, valued at approximately $826,906.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara J. Anderson sold 10,000 shares of the firm's stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $14.09, for a total value of $140,900.00. The disclosure for this sale can be found here. Insiders own 1.34% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Mraz Amerine & Associates Inc. raised its stake in shares of TFS Financial by 9.3% in the second quarter. Mraz Amerine & Associates Inc. now owns 12,997 shares of the bank's stock worth $178,000 after buying an additional 1,109 shares during the period. McIlrath & Eck LLC raised its stake in shares of TFS Financial by 32.8% in the third quarter. McIlrath & Eck LLC now owns 4,756 shares of the bank's stock worth $62,000 after buying an additional 1,176 shares during the period. UBS Group AG raised its stake in TFS Financial by 42.3% during the 2nd quarter. UBS Group AG now owns 4,509 shares of the bank's stock valued at $62,000 after purchasing an additional 1,340 shares during the period. Royal Bank of Canada raised its stake in TFS Financial by 41.6% during the 3rd quarter. Royal Bank of Canada now owns 4,663 shares of the bank's stock valued at $61,000 after purchasing an additional 1,370 shares during the period. Finally, Signaturefd LLC raised its stake in TFS Financial by 19.6% during the 3rd quarter. Signaturefd LLC now owns 9,487 shares of the bank's stock valued at $123,000 after purchasing an additional 1,552 shares during the period. Institutional investors own 8.64% of the company's stock.
About TFS Financial
(Get Rating)
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, and individual retirement accounts, as well as certificates of deposit. The company also provides mortgage loans, and home equity loans and lines of credit.
Read More
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