TFS Financial Co. (NASDAQ:TFSL) Director Sells $164,025.00 in Stock

TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher sold 13,500 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total value of $164,025.00. Following the completion of the sale, the director now directly owns 59,607 shares in the company, valued at approximately $724,225.05. The trade was a 18.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TFS Financial Stock Up 0.2 %

Shares of TFSL traded up $0.02 during mid-day trading on Wednesday, reaching $12.10. The company had a trading volume of 23,016 shares, compared to its average volume of 263,490. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $15.00. 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 $3.40 billion, a price-to-earnings ratio of 43.21 and a beta of 0.77. The firm has a 50-day moving average price of $12.96 and a 200 day moving average price of $13.16.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. On average, sell-side analysts forecast that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.2825 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.13 annualized dividend and a yield of 9.34%. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Institutional Investors Weigh In On TFS Financial

Institutional investors have recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in TFS Financial in the 4th quarter valued at approximately $43,000. Ancora Advisors LLC raised its stake in shares of TFS Financial by 128.8% in the fourth quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock worth $45,000 after purchasing an additional 2,000 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of TFS Financial by 68.0% during the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,497 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of TFS Financial during the fourth quarter valued at $47,000. Finally, Russell Investments Group Ltd. increased its holdings in TFS Financial by 78.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock worth $52,000 after buying an additional 1,811 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.