TFS Financial (NASDAQ:TFSL) Insider Sells 10,000 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Bradley Stefanski sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $16.94, for a total transaction of $169,400.00. Following the sale, the insider directly owned 38,720 shares in the company, valued at approximately $655,916.80. The trade was a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TFS Financial Stock Up 0.3%

Shares of NASDAQ:TFSL traded up $0.04 during trading hours on Tuesday, reaching $17.15. The stock had a trading volume of 57,201 shares, compared to its average volume of 820,768. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $19.49. The firm’s 50 day moving average is $17.75 and its 200-day moving average is $16.11. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 47.65 and a beta of 0.69. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. Research analysts predict that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be paid a $0.3175 dividend. This is a boost from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Wednesday, September 9th. TFS Financial’s payout ratio is 352.78%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Piper Sandler boosted their target price on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings raised TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Hedge Funds Weigh In On TFS Financial

Several large investors have recently bought and sold shares of TFSL. Comerica Bank grew its holdings in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of TFS Financial in the 2nd quarter valued at about $35,000. Allworth Financial LP acquired a new stake in shares of TFS Financial in the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC boosted its position in shares of TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in TFS Financial during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

About TFS Financial

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Third Federal serves consumers primarily through retail banking and residential lending activities.

The company offers deposit products such as savings accounts, checking accounts, certificates of deposit and money market accounts. Its lending portfolio is focused mainly on residential real estate, including home purchase and refinance mortgages, home equity loans and lines of credit, and other loans secured by residential property.

Third Federal operates branches in Ohio and Florida and also provides mortgage lending services through additional channels.