In a recent transaction, Cathy W. Zbanek, the Chief Synergy Officer of TFS Financial Corp (NASDAQ:TFSL), sold 10,000 shares of the company's stock. The transaction, which took place on May 13, 2024, saw the shares sold at a price of $13.04 per share, resulting in a total sale value of $130,399.
Following the sale, Zbanek retained a substantial holding in the company, with 94,418 shares of TFS Financial Corp still under her direct ownership. Additionally, records indicate indirect ownership through entities such as Employee Stock Ownership Plans (ESOP) and 401(k) plans, with 13,264 and 5,333 shares respectively.
Investors often keep an eye on insider transactions as they can provide insights into executives' perspectives on the company's current valuation and future prospects. The sale by Zbanek represents a notable change in her investment position, although it is not immediately clear what motivated the transaction.
The sale is part of the regular disclosure of stock transactions by company insiders, as required by securities regulations. These filings provide transparency into the trading activities of senior executives and other individuals with access to inside information, ensuring that all market participants have access to the same data when making investment decisions.
TFS Financial Corp, based in Cleveland, Ohio, operates as a federally chartered savings institution. The company's stock trades on the NASDAQ under the ticker symbol TFSL, and it is involved in providing various banking services to its customers.
InvestingPro Insights
As Cathy W. Zbanek adjusts her stake in TFS Financial Corp (NASDAQ:TFSL), investors considering their position in the company can benefit from insights provided by InvestingPro. The company's current Market Cap stands at approximately $3.7 billion, with a high Price to Earnings (P/E) Ratio of 47.76, which suggests that the stock is trading at a premium compared to earnings. However, it is important to note that the company has a strong track record of returning value to shareholders, as evidenced by its significant dividend yield of 8.69%, and has maintained dividend payments for 11 consecutive years, an indicator of financial stability and commitment to shareholders.
Analysts are optimistic about the company's profitability, predicting that TFS Financial Corp will be profitable this year and noting that it has been profitable over the last twelve months. This aligns with the company's solid Operating Income Margin of 36.91% for the same period. Investors should be aware that while the company's revenue growth has experienced a slight decline of -1.84%, it has managed to maintain a positive quarterly revenue growth of 3.31%.
For those looking to delve deeper into the financial health and future prospects of TFS Financial Corp, there are additional InvestingPro Tips available. Currently, there are 5 more tips listed on InvestingPro that could provide further context to Zbanek's recent transaction and the company's valuation. To access these tips and more detailed analytics, visit https://www.investing.com/pro/TFSL, and don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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