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 company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $13.27, for a total value of $232,954.85. Following the completion of the transaction, the chief executive officer now directly owns 84,229 shares in the company, valued at approximately $1,117,718.83. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TFS Financial Stock Performance

TFSL stock opened at $12.78 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The firm 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 12-month low of $11.70 and a 12-month high of $15.00. The stock’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $13.19.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The company also recently declared 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. This represents a $1.13 annualized dividend and a dividend yield of 8.84%. The ex-dividend date is Thursday, March 6th. TFS Financial’s dividend payout ratio is currently 403.57%.

Wall Street Analyst Weigh In

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.

Institutional Investors Weigh In On TFS Financial

Several institutional investors and hedge funds have recently made changes to their positions in TFSL. Allspring Global Investments Holdings LLC grew its stake in TFS Financial by 44.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after buying an additional 976 shares during the last quarter. Aquatic Capital Management LLC bought a new position in TFS Financial during the 4th quarter worth $43,000. Ancora Advisors LLC grew its stake in 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 buying an additional 2,000 shares during the last quarter. Quent Capital LLC grew its stake in TFS Financial by 68.0% during the 4th 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 bought a new position in TFS Financial during the 4th quarter worth $47,000. 9.81% of the stock is owned by institutional investors and hedge funds.

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.