TFS Financial Co. (NASDAQ:TFSL) Director Daniel F. Weir Sells 10,000 Shares

TFS Financial Co. (NASDAQ:TFSL) Director Daniel F. Weir sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $13.11, for a total value of $131,100.00. Following the sale, the director now directly owns 18,841 shares of the company’s stock, valued at approximately $247,005.51. This trade represents a 34.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

TFS Financial Stock Down 1.0 %

NASDAQ:TFSL traded down $0.13 on Thursday, reaching $12.98. The stock had a trading volume of 178,359 shares, compared to its average volume of 263,402. The company has a 50-day moving average of $12.94 and a 200 day moving average of $13.19. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The stock has a market cap of $3.64 billion, a P/E ratio of 46.34 and a beta of 0.72. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.00.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating 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, research analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Thursday, March 6th. TFS Financial’s dividend payout ratio is currently 403.57%.

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently modified their holdings of TFSL. Creative Planning grew its holdings in shares of TFS Financial by 13.9% during the third quarter. Creative Planning now owns 43,818 shares of the bank’s stock valued at $564,000 after purchasing an additional 5,350 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of TFS Financial by 44.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of TFS Financial by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock valued at $162,000 after buying an additional 7,000 shares during the last quarter. Integrated Advisors Network LLC boosted its position in shares of TFS Financial by 56.5% during the third quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank’s stock worth $284,000 after buying an additional 7,984 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in TFS Financial in the 3rd quarter valued at approximately $619,000. 9.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.