TFS Financial (NASDAQ:TFSL) CEO Sells $557,081.28 in Stock

TFS Financial Corporation (NASDAQ:TFSL) CEO Marc Stefanski sold 36,844 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $15.12, for a total value of $557,081.28. Following the completion of the sale, the chief executive officer owned 71,997 shares of the company’s stock, valued at $1,088,594.64. This trade represents a 33.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TFS Financial Price Performance

TFS Financial stock opened at $15.04 on Friday. The stock has a market capitalization of $4.22 billion, a P/E ratio of 47.00 and a beta of 0.73. The company’s fifty day moving average price is $14.27 and its 200 day moving average price is $13.78. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial Corporation has a 1 year low of $11.29 and a 1 year high of $15.42.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. The company had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $84.97 million. As a group, equities research analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TFSL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Piper Sandler initiated coverage on TFS Financial in a report on Friday, January 16th. They issued a “neutral” rating and a $15.00 price objective on the stock. Finally, Zacks Research raised shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.00.

Institutional Trading of TFS Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gator Capital Management LLC acquired a new position in shares of TFS Financial during the 4th quarter valued at about $6,290,000. Lakewood Capital Management LP raised its stake in TFS Financial by 19.9% during the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock worth $33,377,000 after purchasing an additional 420,000 shares during the period. Norges Bank acquired a new position in TFS Financial in the 2nd quarter valued at about $5,220,000. State Street Corp grew its stake in shares of TFS Financial by 24.6% in the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after buying an additional 387,992 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of TFS Financial by 23.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after buying an additional 352,093 shares during the period. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Company Profile

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.