TFS Financial (NASDAQ:TFSL) CEO Marc Stefanski Sells 7,149 Shares of Stock

TFS Financial Corporation (NASDAQ:TFSL) CEO Marc Stefanski sold 7,149 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $15.03, for a total transaction of $107,449.47. Following the transaction, the chief executive officer directly owned 109,848 shares in the company, valued at $1,651,015.44. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TFS Financial Trading Up 0.7%

Shares of NASDAQ:TFSL opened at $14.93 on Friday. The business’s 50 day simple moving average is $14.14 and its 200 day simple moving average is $13.70. TFS Financial Corporation has a 1 year low of $11.29 and a 1 year high of $15.37. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4.19 billion, a P/E ratio of 46.66 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. The company had revenue of $83.73 million for the quarter, compared to the consensus estimate of $84.97 million. On average, research analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were given a $0.2825 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 annualized dividend and a dividend yield of 7.6%. TFS Financial’s payout ratio is presently 353.13%.

Institutional Investors Weigh In On TFS Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in TFS Financial by 10.1% in the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock worth $113,000 after purchasing an additional 770 shares in the last quarter. Legal & General Group Plc increased its stake in shares of TFS Financial by 1.3% in the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after buying an additional 789 shares during the period. Prasad Wealth Partners LLC raised its holdings in TFS Financial by 9.0% in the 4th quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock valued at $158,000 after buying an additional 971 shares during the last quarter. Kestra Investment Management LLC boosted its position in TFS Financial by 0.5% during the 4th quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after buying an additional 1,017 shares during the period. Finally, Osaic Holdings Inc. boosted its position in TFS Financial by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock worth $256,000 after buying an additional 1,057 shares during the period. Institutional investors own 9.81% of the company’s stock.

Analysts Set New Price Targets

TFSL has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research upgraded TFS Financial to a “hold” rating in a research report on Monday, January 19th. Finally, Piper Sandler started coverage on TFS Financial in a research note on Friday, January 16th. They issued a “neutral” rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.