TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski Sells 35,000 Shares

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $13.12, for a total value of $459,200.00. Following the transaction, the chief executive officer now owns 101,784 shares in the company, valued at approximately $1,335,406.08. This trade represents a 25.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TFS Financial Stock Up 0.3 %

Shares of TFSL stock opened at $13.23 on Tuesday. The stock has a market cap of $3.71 billion, a P/E ratio of 47.25 and a beta of 0.72. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.00. The stock has a fifty day moving average price of $12.97 and a 200 day moving average price of $13.19. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last issued its 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%. Analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.2825 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.54%. TFS Financial’s payout ratio is presently 403.57%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TFSL. Norges Bank bought a new position in shares of TFS Financial during the fourth quarter valued at $4,689,000. Bank of America Corp DE lifted its holdings in shares of TFS Financial by 39.7% during the fourth quarter. Bank of America Corp DE now owns 501,096 shares of the bank’s stock valued at $6,294,000 after acquiring an additional 142,291 shares during the period. Kestra Investment Management LLC bought a new position in shares of TFS Financial during the third quarter valued at $1,693,000. Sage Investment Counsel LLC bought a new position in shares of TFS Financial during the fourth quarter valued at $1,355,000. Finally, Vanguard Group Inc. lifted its holdings in shares of TFS Financial by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock valued at $66,324,000 after acquiring an additional 76,919 shares during the period. 9.81% of the stock is owned by institutional investors.

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.