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

TFS Financial Trading Down 1.1 %

NASDAQ:TFSL traded down $0.15 on Tuesday, hitting $13.09. 215,063 shares of the stock were exchanged, compared to its average volume of 264,016. The stock has a market cap of $3.67 billion, a PE ratio of 46.70 and a beta of 0.72. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a fifty-two week low of $11.70 and a fifty-two week high of $15.00. The stock has a fifty day moving average of $12.97 and a 200-day moving average of $13.19.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company 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 $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial’s dividend payout ratio (DPR) is 403.57%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reiterated a “neutral” rating and issued a $15.00 price objective on shares of TFS Financial in a research note on Friday, November 22nd.

Institutional Trading of TFS Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of TFS Financial by 44.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of TFS Financial in the 4th quarter valued at $43,000. Ancora Advisors LLC lifted its position in shares of TFS Financial by 128.8% during the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock worth $45,000 after purchasing an additional 2,000 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of TFS Financial by 68.0% during the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after buying an additional 1,497 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in TFS Financial in the 4th quarter worth $47,000. 9.81% of the stock is currently owned by institutional investors.

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.