Insider Selling: TFS Financial (NASDAQ:TFSL) CEO Sells 7,200 Shares of Stock

by · The Cerbat Gem

TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) CEO Marc Stefanski sold 7,200 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

TFS Financial Price Performance

TFSL traded down $0.36 during trading on Tuesday, hitting $13.70. The company’s stock had a trading volume of 468,770 shares, compared to its average volume of 334,430. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $14.99. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 47.24 and a beta of 0.74. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The business’s fifty day simple moving average is $13.15 and its 200 day simple moving average is $12.91.

TFS Financial (NASDAQ:TFSL – Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The company had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $80.30 million. On average, equities research analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.13 dividend on an annualized basis and a yield of 8.2%. TFS Financial’s dividend payout ratio is currently 389.66%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in 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 purchasing an additional 789 shares in the last quarter. Cetera Investment Advisers increased its position in TFS Financial by 2.8% during the first quarter. Cetera Investment Advisers now owns 31,137 shares of the bank’s stock worth $386,000 after buying an additional 837 shares during the last quarter. Parallel Advisors LLC increased its stake in TFS Financial by 5.4% in the second quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock valued at $334,000 after acquiring an additional 1,319 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after buying an additional 1,353 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in TFS Financial by 17.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,948 shares of the bank’s stock worth $150,000 after acquiring an additional 1,750 shares during the period. 9.81% of the stock is owned by institutional investors and hedge funds.

About TFS Financial

(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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