TFS Financial Co. (NASDAQ:TFSL - Get Free Report) CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total value of $288,860.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
TFS Financial Stock Performance
Shares of TFSL traded up $0.04 during mid-day trading on Monday, reaching $13.23. The company's stock had a trading volume of 449,539 shares, compared to its average volume of 262,375. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The stock has a market cap of $3.71 billion, a P/E ratio of 47.25 and a beta of 0.72. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.00. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.
TFS Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.2825 dividend. 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 8.54%. TFS Financial's dividend payout ratio (DPR) is currently 403.57%.
Institutional Investors Weigh In On TFS Financial
Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of 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 purchasing an additional 976 shares during the period. Parallel Advisors LLC grew its holdings in TFS Financial by 4.2% in the 4th quarter. Parallel Advisors LLC now owns 25,251 shares of the bank's stock valued at $317,000 after buying an additional 1,026 shares in the last quarter. US Bancorp DE increased its position in TFS Financial by 6.2% during the 4th quarter. US Bancorp DE now owns 18,568 shares of the bank's stock worth $233,000 after buying an additional 1,085 shares during the period. Quent Capital LLC lifted its holdings in shares of 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, Wells Fargo & Company MN boosted its position in shares of TFS Financial by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,948 shares of the bank's stock valued at $150,000 after acquiring an additional 1,750 shares during the period. 9.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Piper Sandler reiterated a "neutral" rating and set a $15.00 target price on shares of TFS Financial in a report on Friday, November 22nd.
Read Our Latest Stock Analysis on TFSL
About TFS Financial
(
Get Free Report)
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.
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