TFS Financial Co. (NASDAQ:TFSL - Get Free Report) CEO Marc A. Stefanski sold 17,555 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $13.27, for a total transaction 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. This represents a 17.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
TFS Financial Stock Down 2.4 %
TFSL opened at $12.91 on Wednesday. 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 company has a market capitalization of $3.63 billion, a PE ratio of 46.11 and a beta of 0.72. The stock's fifty day moving average is $12.97 and its 200-day moving average is $13.19. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.00.
TFS Financial (NASDAQ:TFSL - Get Free Report) last issued 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 net margin of 10.58% and a return on equity of 4.28%. On average, equities analysts predict that TFS Financial Co. will post 0.29 EPS for the current fiscal year.
TFS Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.75%. The ex-dividend date is Thursday, March 6th. TFS Financial's dividend payout ratio is presently 403.57%.
Analysts Set New Price Targets
Separately, Piper Sandler reaffirmed a "neutral" rating and issued a $15.00 price target on shares of TFS Financial in a research note on Friday, November 22nd.
Check Out Our Latest Stock Analysis on TFSL
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its position in shares of TFS Financial by 13.9% during the 3rd quarter. Creative Planning now owns 43,818 shares of the bank's stock valued at $564,000 after acquiring an additional 5,350 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of TFS Financial by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock worth $41,000 after purchasing an additional 976 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of TFS Financial by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank's stock valued at $162,000 after purchasing an additional 7,000 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of TFS Financial in the 3rd quarter valued at $619,000. Finally, Quest Partners LLC purchased a new position in TFS Financial in the 3rd quarter worth about $668,000. Institutional investors and hedge funds own 9.81% of the company's stock.
TFS Financial Company Profile
(
Get Free Report)
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.
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