Insider Sale: TFS Financial Co. (NASDAQ: TFSL) CFO Sells 3,482 Shares


TFS Financial Co. (NASDAQ:TFSL – Get Rating) Chief Financial Officer Timothy W. Mulhern sold 3,482 shares of TFS Financial in a trade that took place on Wednesday, September 14. The shares were sold at an average price of $13.73, for a total value of $47,807.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Financial price performance of TFS

Shares of TFS Financial traded down $0.05 during Thursday’s trading, hitting $13.72. The company’s shares had a trading volume of 209,131 shares, compared to an average volume of 256,678. The company has a quick ratio of 1.55, a current ratio of 1.55 and a leverage ratio of 2, 34. TFS Financial Co. has a 12-month low of $12.81 and a 12-month high of $20.50. The company has a market capitalization of $3.85 billion, a P/E ratio of 57.17 and a beta of 0.49. The company has a 50-day moving average price of $14.36 and a 200-day moving average price of $14.88.

TFS Financial (NASDAQ:TFSL – Get Rating) last released its quarterly results on Thursday, July 28. The bank reported earnings per share of $0.06 for the quarter, beating consensus analyst estimates of $0.05 by $0.01. The company posted revenue of $76.98 million for the quarter, versus a consensus estimate of $71.00 million. TFS Financial had a return on equity of 3.73% and a net margin of 16.11%. As a group, sell-side analysts expect TFS Financial Co. to post year-to-date EPS of 0.26.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20. Investors of record on Tuesday, September 6 will receive a dividend of $0.2825 per share. The ex-dividend date is Friday, September 2. This represents an annualized dividend of $1.13 and a yield of 8.24%. TFS Financial’s dividend payout ratio is currently 470.85%.

Hedge funds weigh on TFS Financial

Several hedge funds and other institutional investors have recently bought and sold shares of TFSL. Quadrant Capital Group LLC increased its stake in TFS Financial by 181.6% during the first quarter. Quadrant Capital Group LLC now owns 2,008 shares of the bank worth $33,000 after purchasing an additional 1,295 shares in the last quarter. Lindbrook Capital LLC increased its holdings of TFS Financial shares by 1,092.2% in the first quarter. Lindbrook Capital LLC now owns 2,897 shares of the bank worth $48,000 after acquiring 2,654 additional shares in the last quarter. UBS Group AG increased its equity stake in TFS Financial by 42.3% in the second quarter. UBS Group AG now owns 4,509 shares in the bank worth $62,000 after acquiring an additional 1,340 shares in the last quarter. Parallel Advisors LLC increased its holdings of TFS Financial shares by 43.6% in the first quarter. Parallel Advisors LLC now owns 5,342 shares of the bank worth $90,000 after acquiring 1,621 additional shares in the last quarter. Finally, Signaturefd LLC increased its holdings of TFS Financial shares by 156.3% in the first quarter. Signaturefd LLC now owns 6,026 shares of the bank worth $100,000 after acquiring 3,675 additional shares in the last quarter. 8.99% of the shares are held by institutional investors and hedge funds.

Analyst upgrades and downgrades

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

TFS Financial Company Profile

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TFS Financial Corporation, through its subsidiaries, provides retail 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 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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