TFS Financial Co. (NASDAQ:TFSL) CEO Sells $232,954.85 in Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 17,555 shares of the company’s stock in a transaction 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 owns 84,229 shares of the company’s stock, valued at $1,117,718.83. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL opened at $12.56 on Friday. The firm has a market capitalization of $3.53 billion, a PE ratio of 44.86 and a beta of 0.72. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50-day moving average of $12.97 and a two-hundred day moving average of $13.18. TFS Financial Co. has a 12 month low of $11.70 and a 12 month high of $15.00.

TFS Financial (NASDAQ:TFSL) last announced its quarterly 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 return on equity of 4.28% and a net margin of 10.58%. As a group, research analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.2825 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.13 annualized dividend and a yield of 9.00%. TFS Financial’s dividend payout ratio is presently 403.57%.

Institutional Investors Weigh In On TFS Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFSL. Geode Capital Management LLC grew its stake in shares of TFS Financial by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock valued at $13,907,000 after buying an additional 22,777 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after buying an additional 41,930 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of TFS Financial in the third quarter valued at about $619,000. Creative Planning grew its stake in shares of TFS Financial by 13.9% in the third quarter. Creative Planning now owns 43,818 shares of the bank’s stock valued at $564,000 after buying an additional 5,350 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of TFS Financial by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after buying an additional 1,784 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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