Martin J. Cohen Buys 5,000 Shares of TFS Financial Co. (NASDAQ:TFSL) Stock

TFS Financial Co. (NASDAQ:TFSLGet Rating) Director Martin J. Cohen purchased 5,000 shares of TFS Financial stock in a transaction on Friday, May 6th. The stock was bought at an average cost of $14.01 per share, with a total value of $70,050.00. Following the transaction, the director now directly owns 84,289 shares of the company’s stock, valued at $1,180,888.89. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:TFSL traded down $0.03 during mid-day trading on Tuesday, hitting $14.02. 14,914 shares of the company’s stock traded hands, compared to its average volume of 242,481. The firm has a 50 day moving average of $16.00 and a two-hundred day moving average of $17.42. TFS Financial Co. has a 12 month low of $13.69 and a 12 month high of $22.54. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 58.54 and a beta of 0.46. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.81.

TFS Financial (NASDAQ:TFSLGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The bank reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. TFS Financial had a return on equity of 3.75% and a net margin of 15.97%. As a group, equities research analysts expect that TFS Financial Co. will post 0.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Shareholders of record on Tuesday, March 8th were issued a $0.2825 dividend. The ex-dividend date was Monday, March 7th. This is an increase from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.13 dividend on an annualized basis and a yield of 8.06%. TFS Financial’s dividend payout ratio is 470.85%.

A number of equities analysts have recently commented on TFSL shares. StockNews.com began coverage on shares of TFS Financial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of TFS Financial from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, May 4th.

Several large investors have recently bought and sold shares of TFSL. Meeder Asset Management Inc. bought a new stake in shares of TFS Financial in the first quarter valued at about $134,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TFS Financial by 21.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 805,848 shares of the bank’s stock valued at $13,377,000 after purchasing an additional 143,256 shares in the last quarter. Swiss National Bank boosted its stake in TFS Financial by 7.4% during the first quarter. Swiss National Bank now owns 132,800 shares of the bank’s stock worth $2,204,000 after buying an additional 9,100 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in TFS Financial by 8.2% in the 1st quarter. Teacher Retirement System of Texas now owns 11,637 shares of the bank’s stock valued at $193,000 after buying an additional 880 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of TFS Financial by 181.6% in the 1st quarter. Quadrant Capital Group LLC now owns 2,008 shares of the bank’s stock valued at $33,000 after buying an additional 1,295 shares in the last quarter. Institutional investors own 8.82% 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, 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.

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