TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski Sells 22,000 Shares

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 22,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was 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 owns 171,784 shares in the company, valued at approximately $2,255,523.92. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Stock Performance

TFSL traded down $0.13 on Thursday, reaching $12.98. The stock had a trading volume of 178,359 shares, compared to its average volume of 263,402. 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 company has a market cap of $3.64 billion, a P/E ratio of 46.38 and a beta of 0.72. The business’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $13.19. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.00.

TFS Financial (NASDAQ:TFSL) last issued its 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%. Sell-side analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Thursday, March 6th. TFS Financial’s payout ratio is 403.57%.

Institutional Investors Weigh In On TFS Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake 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 purchasing an additional 976 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in TFS Financial during the fourth quarter valued at approximately $43,000. Ancora Advisors LLC grew its stake 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 during the period. Quent Capital LLC raised its stake in shares of TFS Financial by 68.0% in the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,497 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of TFS Financial during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

Wall Street Analyst Weigh In

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

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.