Insider Selling: TFS Financial Co. (NASDAQ:TFSL) CEO Sells 22,000 Shares of Stock

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

TFS Financial Trading Down 0.7 %

Shares of NASDAQ TFSL opened at $13.01 on Friday. The business has a 50 day simple moving average of $12.95 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. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 46.46 and a beta of 0.72. 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 earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. On average, research analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.69%. The ex-dividend date is Thursday, March 6th. TFS Financial’s payout ratio is 403.57%.

Hedge Funds Weigh In On TFS Financial

Institutional investors have recently bought and sold shares of the stock. Creative Planning increased its holdings in shares of TFS Financial by 13.9% during the 3rd quarter. Creative Planning now owns 43,818 shares of the bank’s stock valued at $564,000 after acquiring an additional 5,350 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in TFS Financial by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after purchasing an additional 976 shares during the period. Nisa Investment Advisors LLC boosted its position in TFS Financial by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock worth $162,000 after purchasing an additional 7,000 shares during the period. Integrated Advisors Network LLC grew its holdings in TFS Financial by 56.5% during the third quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank’s stock valued at $284,000 after purchasing an additional 7,984 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of TFS Financial in the third quarter valued at approximately $619,000. 9.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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