TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher Sells 13,500 Shares of Stock

TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher sold 13,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $12.15, for a total transaction of $164,025.00. Following the completion of the sale, the director now owns 59,607 shares of the company’s stock, valued at $724,225.05. The trade was a 18.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

TFS Financial Stock Down 0.5 %

Shares of NASDAQ:TFSL opened at $12.02 on Thursday. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.00. The company has a 50 day moving average of $12.94 and a 200-day moving average of $13.16. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 42.93 and a beta of 0.77.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. On average, sell-side analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 9.40%. The ex-dividend date is Thursday, March 6th. TFS Financial’s payout ratio is 403.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TFSL. Aquatic Capital Management LLC bought a new position in TFS Financial in the fourth quarter valued at approximately $43,000. Ancora Advisors LLC lifted its stake in TFS Financial by 128.8% in the fourth quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock valued at $45,000 after buying an additional 2,000 shares in the last quarter. Quent Capital LLC lifted its stake in TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after buying an additional 1,497 shares in the last quarter. Deutsche Bank AG bought a new position in TFS Financial in the fourth quarter valued at approximately $47,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of TFS Financial by 78.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors own 9.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler restated a “neutral” rating and issued a $15.00 price objective on shares of TFS Financial in a research report 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.