Insider Selling: TFS Financial Co. (NASDAQ:TFSL) CFO Sells $85,085.00 in Stock

TFS Financial Co. (NASDAQ:TFSL) CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total transaction of $85,085.00. Following the transaction, the chief financial officer now directly owns 91,216 shares in the company, valued at $1,194,017.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TFS Financial Price Performance

TFS Financial stock opened at $13.46 on Friday. The firm has a market capitalization of $3.78 billion, a PE ratio of 49.85 and a beta of 0.68. TFS Financial Co. has a 52 week low of $10.97 and a 52 week high of $15.25. The firm’s 50-day simple moving average is $13.01 and its 200 day simple moving average is $12.80. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $191.15 million during the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 4.25%.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date was Tuesday, June 11th. TFS Financial’s payout ratio is currently 418.52%.

Analysts Set New Price Targets

A number of analysts recently commented on TFSL shares. StockNews.com downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $14.00 price target (down previously from $15.00) on shares of TFS Financial in a research note on Thursday, May 2nd.

Hedge Funds Weigh In On TFS Financial

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of TFS Financial by 585.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,715 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in TFS Financial by 106.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock valued at $28,000 after purchasing an additional 965 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in TFS Financial by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after purchasing an additional 917 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of TFS Financial during the 1st quarter worth about $44,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of TFS Financial during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

TFS Financial Company Profile

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.