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 company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $13.27, for a total value of $232,954.85. Following the completion of the sale, the chief executive officer now owns 84,229 shares in the company, valued at $1,117,718.83. This trade represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Trading Down 1.1 %

Shares of NASDAQ TFSL traded down $0.15 during mid-day trading on Tuesday, hitting $13.09. The company’s stock had a trading volume of 215,063 shares, compared to its average volume of 264,016. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.00. The company’s fifty day simple moving average is $12.97 and its 200-day simple moving average is $13.19. 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 stock has a market cap of $3.67 billion, a price-to-earnings ratio of 46.70 and a beta of 0.72.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently disclosed 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 8.64%. The ex-dividend date is Thursday, March 6th. TFS Financial’s dividend payout ratio is currently 403.57%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On TFS Financial

Several hedge funds have recently bought and sold shares of the company. Creative Planning increased its position in shares of TFS Financial by 13.9% in the 3rd quarter. Creative Planning now owns 43,818 shares of the bank’s stock valued at $564,000 after buying an additional 5,350 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of TFS Financial by 44.0% in the third 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 boosted its holdings in shares of TFS Financial by 125.0% in the third 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 stake in shares of TFS Financial during the third quarter worth $619,000. Finally, Quest Partners LLC acquired a new stake in shares of TFS Financial during the third quarter worth $668,000. 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.