TFS Financial Co. (NASDAQ:TFSL) CEO Sells $459,200.00 in Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 35,000 shares of TFS Financial stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $13.12, for a total value of $459,200.00. Following the completion of the transaction, the chief executive officer now owns 101,784 shares of the company’s stock, valued at approximately $1,335,406.08. The trade was a 25.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TFS Financial Stock Performance

Shares of TFSL stock opened at $12.78 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The business has a 50 day moving average of $12.97 and a two-hundred day moving average of $13.19. The company has a market cap of $3.59 billion, a P/E ratio of 45.64 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.

TFS Financial (NASDAQ:TFSL) last issued 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%. As a group, analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

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 given a $0.2825 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.13 annualized dividend and a yield of 8.84%. TFS Financial’s dividend payout ratio is presently 403.57%.

Institutional Investors Weigh In On TFS Financial

Several large investors have recently made changes to their positions in TFSL. Vanguard Group Inc. boosted its position in shares of TFS Financial by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock worth $66,324,000 after buying an additional 76,919 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of TFS Financial by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,559,629 shares of the bank’s stock worth $32,150,000 after purchasing an additional 43,064 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in shares of TFS Financial by 4.9% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,304,667 shares of the bank’s stock valued at $16,387,000 after purchasing an additional 61,231 shares during the period. Geode Capital Management LLC lifted its holdings in TFS Financial by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,095,481 shares of the bank’s stock worth $13,763,000 after purchasing an additional 14,280 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TFS Financial by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 931,874 shares of the bank’s stock valued at $11,704,000 after buying an additional 47,310 shares in the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a 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.