TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski Sells 17,555 Shares

TFS Financial Co. (NASDAQ:TFSL - Get Free Report) CEO Marc A. Stefanski sold 17,555 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $13.27, for a total value of $232,954.85. Following the completion of the sale, the chief executive officer now directly owns 84,229 shares in the company, valued at approximately $1,117,718.83. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

TFS Financial Price Performance

Shares of NASDAQ TFSL traded up $0.08 during midday trading on Friday, hitting $12.64. The stock had a trading volume of 334,224 shares, compared to its average volume of 263,453. The company has a market capitalization of $3.55 billion, a PE ratio of 45.14 and a beta of 0.77. The stock has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $13.18. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $15.00. 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 (NASDAQ:TFSL - Get Free Report) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, beating 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, sell-side analysts expect that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

Remove Ads

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.2825 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 8.94%. TFS Financial's payout ratio is 403.57%.

Hedge Funds Weigh In On TFS Financial

A number of institutional investors have recently added to or reduced their stakes in TFSL. Allspring Global Investments Holdings LLC lifted its position in TFS Financial by 44.0% during the third 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 position in TFS Financial during the fourth quarter worth approximately $43,000. Ancora Advisors LLC lifted its position in TFS Financial by 128.8% during the fourth 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 lifted its position in TFS Financial by 68.0% during the fourth 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 position in TFS Financial during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 9.81% of the company's stock.

Wall Street Analyst Weigh In

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

TFS Financial Company Profile

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.