Insider Selling: TFS Financial Co. (NASDAQ:TFSL) CEO Sells 16,000 Shares of Stock

TFS Financial Co. (NASDAQ:TFSL) CEO Marc A. Stefanski sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total value of $205,120.00. Following the transaction, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TFS Financial Stock Performance

TFSL traded down $0.17 during trading hours on Tuesday, hitting $12.81. The company’s stock had a trading volume of 284,076 shares, compared to its average volume of 276,219. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.60. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25. The company has a 50-day simple moving average of $12.91 and a 200 day simple moving average of $12.86. The firm has a market capitalization of $3.60 billion, a PE ratio of 47.67 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $191.15 million during the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 4.26%.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were paid a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.13 annualized dividend and a yield of 8.82%. TFS Financial’s dividend payout ratio is currently 418.52%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. raised its holdings in shares of TFS Financial by 43.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock worth $1,192,000 after purchasing an additional 28,497 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of TFS Financial during the 2nd quarter valued at $915,000. SG Americas Securities LLC boosted its stake in shares of TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after acquiring an additional 1,361 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of TFS Financial by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank’s stock worth $371,000 after acquiring an additional 1,754 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of TFS Financial during the first quarter worth $113,000. 9.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TFSL shares. StockNews.com downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $14.00 price objective (down previously from $15.00) on shares of TFS Financial in a report on Thursday, May 2nd.

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.