Insider Selling: TFS Financial Co. (NASDAQ:TFSL) CEO Sells 35,000 Shares of Stock

TFS Financial Co. (NASDAQ:TFSL - Get Free Report) CEO Marc A. Stefanski sold 35,000 shares of TFS Financial stock in a transaction on Friday, February 28th. The stock was sold at an average price of $13.12, for a total transaction of $459,200.00. Following the sale, the chief executive officer now owns 101,784 shares in the company, valued at $1,335,406.08. This represents a 25.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TFS Financial Stock Performance

Shares of TFSL stock traded up $0.06 during trading hours on Thursday, hitting $12.56. The stock had a trading volume of 289,685 shares, compared to its average volume of 264,002. 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 firm has a market capitalization of $3.53 billion, a PE ratio of 44.86 and a beta of 0.72. The stock's 50 day moving average is $12.97 and its 200 day moving average is $13.19. TFS Financial Co. has a twelve month low of $11.70 and a twelve month high of $15.00.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued 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%. As a group, research analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

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TFS Financial Dividend Announcement

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 issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial's dividend payout ratio is currently 403.57%.

Institutional Trading of TFS Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its holdings in shares of TFS Financial by 13.9% in the third quarter. Creative Planning now owns 43,818 shares of the bank's stock valued at $564,000 after purchasing an additional 5,350 shares during the period. Allspring Global Investments Holdings LLC grew its position in TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock valued at $41,000 after buying an additional 976 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in TFS Financial by 125.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank's stock valued at $162,000 after buying an additional 7,000 shares during the period. GSA Capital Partners LLP acquired a new position in TFS Financial in the 3rd quarter valued at $619,000. Finally, Quest Partners LLC purchased a new position in TFS Financial during the 3rd quarter worth $668,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reiterated a "neutral" rating and set 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.