TFS Financial Co. (NASDAQ:TFSL) CEO Sells $459,200.00 in Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 35,000 shares of TFS Financial stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $13.12, for a total value of $459,200.00. Following the completion of the transaction, the chief executive officer now directly owns 101,784 shares of the company’s stock, valued at $1,335,406.08. This represents a 25.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TFS Financial Stock Performance

TFS Financial stock opened at $13.23 on Tuesday. The stock has a 50-day simple moving average of $12.97 and a 200 day simple moving average of $13.19. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.00. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 47.25 and a beta of 0.72.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. On average, research analysts anticipate that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.2825 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.13 annualized dividend and a yield of 8.54%. TFS Financial’s dividend payout ratio is currently 403.57%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $15.00 price target on shares of TFS Financial in a report on Friday, November 22nd.

Institutional Trading of TFS Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in TFS Financial by 44.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after purchasing an additional 976 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in TFS Financial during the 4th quarter worth about $43,000. Ancora Advisors LLC increased its stake in shares of TFS Financial by 128.8% in the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,000 shares during the last quarter. Quent Capital LLC increased its stake in shares of TFS Financial by 68.0% in the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of TFS Financial in the 4th quarter valued at about $47,000. 9.81% of the stock is owned by institutional investors.

About TFS Financial

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.