Marc A. Stefanski Sells 35,000 Shares of TFS Financial Co. (NASDAQ:TFSL) Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 35,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 101,784 shares in the company, valued at approximately $1,335,406.08. This represents a 25.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TFS Financial Trading Down 2.4 %

TFSL stock opened at $12.91 on Wednesday. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.00. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 46.11 and a beta of 0.72. The business has a 50 day simple moving average of $12.97 and a two-hundred day simple moving average of $13.19.

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 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%. Research analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.2825 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.13 annualized dividend and a yield of 8.75%. TFS Financial’s payout ratio is 403.57%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TFSL. Public Employees Retirement System of Ohio bought a new position in shares of TFS Financial during the 4th quarter valued at approximately $218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TFS Financial by 7.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,841 shares of the bank’s stock valued at $2,234,000 after acquiring an additional 12,689 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of TFS Financial by 10.4% during the 4th quarter. Squarepoint Ops LLC now owns 95,996 shares of the bank’s stock valued at $1,206,000 after acquiring an additional 9,036 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of TFS Financial during the 4th quarter valued at approximately $260,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of TFS Financial during the 4th quarter valued at approximately $230,000. 9.81% of the stock is currently 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.