TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher Sells 13,500 Shares

TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher sold 13,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the completion of the sale, the director now owns 59,607 shares in the company, valued at approximately $724,225.05. This trade represents a 18.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TFS Financial Price Performance

TFSL stock opened at $12.31 on Friday. The stock has a 50-day moving average price of $12.93 and a two-hundred day moving average price of $13.14. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $15.00. The stock has a market cap of $3.46 billion, a PE ratio of 43.96 and a beta of 0.77. 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 (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share 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%. Equities analysts forecast that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial’s dividend payout ratio is currently 403.57%.

Analyst Ratings Changes

Separately, Piper Sandler reiterated a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a report on Friday, November 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFSL. Aquatic Capital Management LLC acquired a new position in shares of TFS Financial during the 4th quarter worth approximately $43,000. Ancora Advisors LLC grew its stake in shares of TFS Financial by 128.8% in the fourth quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock valued at $45,000 after buying an additional 2,000 shares in the last quarter. Quent Capital LLC grew its stake in shares of TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after buying an additional 1,497 shares in the last quarter. Deutsche Bank AG acquired a new position in TFS Financial during the fourth quarter worth $47,000. Finally, Russell Investments Group Ltd. raised its position in TFS Financial by 78.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock worth $52,000 after acquiring an additional 1,811 shares in the last quarter. 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.