TFS Financial Co. (NASDAQ:TFSL) CEO Sells $288,860.00 in Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total transaction of $288,860.00. Following the completion of the transaction, the chief executive officer now directly owns 171,784 shares of the company’s stock, valued at $2,255,523.92. This represents a 11.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

TFS Financial Price Performance

NASDAQ TFSL opened at $13.19 on Friday. 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 firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 47.11 and a beta of 0.72. The company has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $13.19. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $15.00.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. Equities research analysts predict 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 given a dividend of $0.2825 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 8.57%. TFS Financial’s payout ratio is 403.57%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of TFS Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock valued at $66,324,000 after buying an additional 76,919 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in TFS Financial by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,559,629 shares of the bank’s stock valued at $32,150,000 after acquiring an additional 43,064 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in TFS Financial by 4.9% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,304,667 shares of the bank’s stock worth $16,387,000 after acquiring an additional 61,231 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TFS Financial by 1.3% during the 4th 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TFS Financial by 5.3% during 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 purchasing an additional 47,310 shares in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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