Insider Selling: TFS Financial (NASDAQ:TFSL) Insider Sells 10,000 Shares

Key Points

• Insider sale: TFS Financial insider Bradley Stefanski sold 10,000 shares for approximately $169,400, reducing his direct holdings by 20.53% to 38,720 shares.
• Financial performance and dividend: The company exceeded quarterly earnings and revenue expectations, reporting EPS of $0.11 versus the $0.08 consensus. TFS Financial also raised its quarterly dividend to $0.3175 per share, implying a 7.4% annualized yield.
• Stock outlook: Shares recently traded at $17.15, while analysts maintained an overall “Hold” rating with an average price target of $19.00. Institutional and hedge-fund investors own 9.81% of the company.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) insider Bradley Stefanski sold 10,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the sale, the insider directly owned 38,720 shares of the company's stock, valued at approximately $655,916.80. This represents a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TFS Financial Trading Up 0.3%

NASDAQ TFSL traded up $0.04 on Tuesday, reaching $17.15. 57,201 shares of the company were exchanged, compared to its average volume of 820,768. The business's fifty day moving average price is $17.75 and its 200 day moving average price is $16.11. The stock has a market capitalization of $4.81 billion, a P/E ratio of 47.65 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 fifty-two week low of $12.53 and a fifty-two week high of $19.49.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%.The business had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. Analysts forecast that TFS Financial Corporation will post 0.36 earnings per share for the current year.

TFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a dividend of $0.3175 per share. The ex-dividend date is Wednesday, September 9th. This is an increase from TFS Financial's previous quarterly dividend of $0.28. This represents a $1.27 annualized dividend and a yield of 7.4%. TFS Financial's dividend payout ratio (DPR) is 352.78%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of TFS Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Piper Sandler raised their price target on shares of TFS Financial from $16.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wall Street Zen raised shares of TFS Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.00.

Institutional Trading of TFS Financial

Several institutional investors and hedge funds have recently bought and sold shares of TFSL. Comerica Bank grew its stake in shares of TFS Financial by 263.8% in the fourth quarter. Comerica Bank now owns 2,445 shares of the bank's stock valued at $33,000 after buying an additional 1,773 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in TFS Financial during the 2nd quarter worth about $35,000. Allworth Financial LP purchased a new position in TFS Financial during the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its position in TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank's stock valued at $38,000 after acquiring an additional 841 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in TFS Financial in the 2nd quarter valued at about $44,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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