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

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 17,555 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $13.27, for a total value of $232,954.85. Following the completion of the transaction, the chief executive officer now directly owns 84,229 shares of the company’s stock, valued at approximately $1,117,718.83. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

TFS Financial Price Performance

Shares of TFSL opened at $12.78 on Thursday. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 45.64 and a beta of 0.72. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 1.54. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.00. The stock’s fifty day moving average is $12.97 and its 200-day moving average is $13.19.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. Equities analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The company also recently announced 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 yield of 8.84%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial’s payout ratio is currently 403.57%.

Wall Street Analysts Forecast Growth

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

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings 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 acquiring an additional 976 shares during the period. Aquatic Capital Management LLC acquired a new position in TFS Financial during the fourth quarter worth about $43,000. Ancora Advisors LLC grew its holdings 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 acquiring an additional 2,000 shares during the period. Quent Capital LLC grew its holdings 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 acquiring an additional 1,497 shares during the period. Finally, Deutsche Bank AG acquired a new position in TFS Financial during the fourth quarter worth about $47,000. 9.81% of the stock is owned by institutional investors and hedge funds.

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.