TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski Sells 20,000 Shares of Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 20,000 shares of TFS Financial stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total transaction of $256,400.00. Following the transaction, the chief executive officer now directly 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 at the SEC website.

TFS Financial Trading Up 1.2 %

Shares of TFSL opened at $12.96 on Friday. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 48.00 and a beta of 0.68. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. TFS Financial Co. has a 1-year low of $10.97 and a 1-year high of $15.25. The company has a 50-day moving average of $13.24 and a 200 day moving average of $12.82.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $191.15 million during the quarter. TFS Financial had a return on equity of 4.25% and a net margin of 10.97%.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.2825 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.72%. TFS Financial’s payout ratio is currently 418.52%.

Analyst Upgrades and Downgrades

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

Institutional Trading of TFS Financial

A number of hedge funds have recently added to or reduced their stakes in the business. KBC Group NV raised its holdings in shares of TFS Financial by 20.6% in the 4th quarter. KBC Group NV now owns 12,776 shares of the bank’s stock valued at $188,000 after purchasing an additional 2,180 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in TFS Financial by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 427,596 shares of the bank’s stock worth $6,281,000 after buying an additional 18,376 shares in the last quarter. Vanguard Group Inc. lifted its holdings in TFS Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock worth $65,508,000 after buying an additional 23,668 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in TFS Financial during the 2nd quarter valued at $915,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of TFS Financial by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,354 shares of the bank’s stock valued at $32,560,000 after acquiring an additional 152,815 shares during the period. 9.81% of the stock is owned by hedge funds and other institutional investors.

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.