TFS Financial Co. (NASDAQ:TFSL) CEO Sells $288,860.00 in Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 22,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total transaction of $288,860.00. Following the completion of the transaction, the chief executive officer now directly owns 171,784 shares in the company, valued at $2,255,523.92. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

TFS Financial Stock Performance

Shares of TFSL opened at $13.19 on Friday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $3.70 billion, a P/E ratio of 47.11 and a beta of 0.72. The company’s fifty day moving average is $12.96 and its two-hundred day moving average is $13.19. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $15.00.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. On average, sell-side analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.2825 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.57%. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Hedge Funds Weigh In On TFS Financial

A number of institutional investors and hedge funds have recently made changes to their positions in TFSL. Allspring Global Investments Holdings LLC boosted its position in shares of TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after buying an additional 976 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of TFS Financial in the 4th quarter worth about $43,000. Ancora Advisors LLC boosted its position 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 worth $45,000 after buying an additional 2,000 shares in the last quarter. Quent Capital LLC boosted its position 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 worth $46,000 after buying an additional 1,497 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of TFS Financial in the 4th quarter worth about $47,000. 9.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and issued a $15.00 price objective on shares of TFS Financial in a research note on Friday, November 22nd.

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.