Bradley Stefanski Sells 10,000 Shares of TFS Financial (NASDAQ:TFSL) Stock

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

TFS Financial Stock Down 1.7%

TFSL stock opened at $16.78 on Thursday. The company’s 50 day moving average is $17.73 and its 200 day moving average is $16.14. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 46.61 and a beta of 0.69. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $19.49.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. Sell-side analysts predict that TFS Financial Corporation will post 0.36 EPS for the current fiscal year.

TFS Financial Increases Dividend

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

Institutional Trading of TFS Financial

Large investors have recently modified their holdings of the business. Toth Financial Advisory Corp purchased a new position in TFS Financial during the 2nd quarter valued at about $35,000. Allworth Financial LP purchased a new stake in TFS Financial in the 2nd quarter worth approximately $36,000. Comerica Bank lifted its holdings in TFS Financial by 263.8% in the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after buying an additional 1,773 shares during the period. Global Retirement Partners LLC bought a new stake in shares of TFS Financial in the 2nd quarter worth approximately $44,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after buying an additional 841 shares during the last quarter. 9.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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