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

TFS Financial Corporation (NASDAQ:TFSL) CEO Marc Stefanski sold 7,200 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

TFS Financial Price Performance

Shares of TFSL stock traded down $0.36 during trading hours on Tuesday, reaching $13.70. The company had a trading volume of 468,770 shares, compared to its average volume of 334,430. The company 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 debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54. TFS Financial Corporation has a 12-month low of $11.29 and a 12-month high of $14.99. The stock has a fifty day moving average of $13.15 and a 200-day moving average of $12.91.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $82.04 million during the quarter, compared to the consensus estimate of $80.30 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. On average, equities analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Wednesday, September 10th. TFS Financial’s dividend payout ratio (DPR) is presently 389.66%.

Institutional Trading of TFS Financial

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in TFS Financial by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,559,629 shares of the bank’s stock worth $32,150,000 after acquiring an additional 43,064 shares in the last quarter. Bank of New York Mellon Corp boosted its position in TFS Financial by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank’s stock worth $19,953,000 after buying an additional 46,080 shares during the period. Cramer Rosenthal Mcglynn LLC increased its stake in TFS Financial by 6.4% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank’s stock valued at $17,206,000 after purchasing an additional 84,002 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of TFS Financial by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank’s stock worth $14,949,000 after buying an additional 23,622 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TFS Financial by 5.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock valued at $13,197,000 after purchasing an additional 52,350 shares in the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

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.