TFS Financial Co. (NASDAQ:TFSL) Director Daniel F. Weir Sells 10,000 Shares of Stock

TFS Financial Co. (NASDAQ:TFSL) Director Daniel F. Weir sold 10,000 shares of TFS Financial stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.11, for a total value of $131,100.00. Following the completion of the sale, the director now directly owns 18,841 shares of the company’s stock, valued at $247,005.51. This trade represents a 34.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TFS Financial Price Performance

Shares of TFSL stock opened at $13.01 on Friday. The firm’s 50 day moving average price is $12.95 and its two-hundred day moving average price is $13.19. The stock has a market cap of $3.65 billion, a PE ratio of 46.46 and a beta of 0.72. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $15.00. 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 (NASDAQ:TFSL) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) 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%. As a group, analysts forecast that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 8.69%. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and set a $15.00 price objective on shares of TFS Financial in a report on Friday, November 22nd.

Institutional Trading of TFS Financial

A number of hedge funds have recently modified their holdings of the company. Creative Planning increased its stake in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 period. Nisa Investment Advisors LLC increased its position in shares of 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 in the last quarter. Integrated Advisors Network LLC raised its stake in TFS Financial by 56.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank’s stock worth $284,000 after buying an additional 7,984 shares during the period. Finally, GSA Capital Partners LLP bought a new position in TFS Financial during the third quarter worth about $619,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

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.