Insider Selling: TFS Financial Co. (NASDAQ:TFSL) CEO Sells 20,000 Shares of Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the transaction, the chief executive officer now owns 37,150 shares of the company’s stock, valued at $476,263. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

TFS Financial Trading Up 0.5 %

NASDAQ:TFSL traded up $0.06 during trading hours on Thursday, hitting $12.87. The company had a trading volume of 123,624 shares, compared to its average volume of 265,615. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a 50-day moving average price of $13.23 and a 200 day moving average price of $12.82. The company has a market capitalization of $3.61 billion, a PE ratio of 47.74 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.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $191.15 million for the quarter. TFS Financial had a return on equity of 4.25% and a net margin of 10.97%.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date is Tuesday, September 10th. TFS Financial’s dividend payout ratio is presently 418.52%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TFSL. Vanguard Group Inc. grew its holdings in shares of TFS Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock valued at $65,508,000 after buying an additional 23,668 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TFS Financial by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock valued at $31,258,000 after purchasing an additional 122,562 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of TFS Financial by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 427,596 shares of the bank’s stock worth $6,281,000 after purchasing an additional 18,376 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of TFS Financial by 4.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 141,965 shares of the bank’s stock worth $1,793,000 after purchasing an additional 5,960 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of TFS Financial by 43.2% during the second quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock valued at $1,192,000 after purchasing an additional 28,497 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st.

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.