Daniel F. Weir Sells 10,000 Shares of TFS Financial Co. (NASDAQ:TFSL) Stock

TFS Financial Co. (NASDAQ:TFSL) Director Daniel F. Weir sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.11, for a total transaction of $131,100.00. Following the transaction, the director now owns 18,841 shares of the company’s stock, valued at approximately $247,005.51. The trade was a 34.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TFS Financial Trading Up 1.4 %

Shares of TFSL stock opened at $13.19 on Friday. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $15.00. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 47.11 and a beta of 0.72. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a fifty day moving average of $12.96 and a 200-day moving average of $13.19.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) 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%. On average, equities research analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial’s dividend payout ratio is 403.57%.

Hedge Funds Weigh In On TFS Financial

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of TFS Financial by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after purchasing an additional 22,777 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of TFS Financial by 34.5% in the 3rd quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock worth $2,100,000 after purchasing an additional 41,930 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of TFS Financial in the 3rd quarter worth about $619,000. Creative Planning grew its holdings in shares of TFS Financial by 13.9% in the 3rd quarter. Creative Planning now owns 43,818 shares of the bank’s stock worth $564,000 after purchasing an additional 5,350 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of TFS Financial by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock worth $368,000 after purchasing an additional 1,784 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated a “neutral” rating and set 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.