TFS Financial (NASDAQ:TFSL) Insider Sells $169,400.00 in Stock

TFS Financial Corporation (NASDAQ:TFSL) insider Bradley Stefanski sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the sale, the insider directly owned 38,720 shares of the company’s stock, valued at approximately $655,916.80. The trade was a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Stock Up 0.2%

TFSL stock opened at $16.81 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $4.71 billion, a PE ratio of 46.70 and a beta of 0.69. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $19.49. The business’s 50 day simple moving average is $17.71 and its 200 day simple moving average is $16.16.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%.The business had revenue of $89.27 million for the quarter, compared to analysts’ expectations of $87.05 million. As a group, research analysts anticipate that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be issued a $0.3175 dividend. This is an increase from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Wednesday, September 9th. TFS Financial’s dividend payout ratio is presently 352.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased its position in TFS Financial by 28.2% during the fourth quarter. UBS Group AG now owns 499,893 shares of the bank’s stock worth $6,689,000 after acquiring an additional 110,104 shares during the period. Gator Capital Management LLC bought a new stake in TFS Financial in the 4th quarter valued at about $6,290,000. Bank of America Corp DE boosted its holdings in TFS Financial by 27.1% in the 1st quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock valued at $14,181,000 after purchasing an additional 215,491 shares during the period. Beverly Hills Private Wealth LLC acquired a new position in shares of TFS Financial during the 2nd quarter worth approximately $6,631,000. Finally, Legal & General Group Plc acquired a new position in shares of TFS Financial during the 2nd quarter worth approximately $981,000. 9.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TFSL shares. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Piper Sandler upped their price target on shares of TFS Financial from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price target (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.00.

About TFS Financial

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Third Federal serves consumers primarily through retail banking and residential lending activities.

The company offers deposit products such as savings accounts, checking accounts, certificates of deposit and money market accounts. Its lending portfolio is focused mainly on residential real estate, including home purchase and refinance mortgages, home equity loans and lines of credit, and other loans secured by residential property.

Third Federal operates branches in Ohio and Florida and also provides mortgage lending services through additional channels.