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

Key Points

• TFS Financial CEO Marc Stefanski sold 7,200 shares of the company's stock for a total of $102,024 at an average price of $14.17.
• The company has declared a quarterly dividend of $0.2825 per share, with a dividend yield of 8.2%, and the ex-dividend date set for September 10th.
• TFS Financial's recent earnings report showed an EPS of $0.08, meeting analyst expectations, and revenue of $82.04 million exceeding estimates of $80.30 million.

TFS Financial Corporation (NASDAQ:TFSL - Get Free Report) CEO Marc A. Stefanski sold 7,200 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was 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 can be accessed through this link.

TFS Financial Stock Performance

NASDAQ:TFSL traded down $0.01 during trading hours on Friday, reaching $13.61. 382,341 shares of the company's stock were exchanged, compared to its average volume of 336,640. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.99. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 46.93 and a beta of 0.74. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.59. The company has a 50-day moving average of $13.20 and a 200 day moving average of $12.92.

TFS Financial (NASDAQ:TFSL - Get Free Report) 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. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The business had revenue of $82.04 million during the quarter, compared to the consensus estimate of $80.30 million. Research analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.3%. TFS Financial's dividend payout ratio (DPR) is currently 389.66%.

Institutional Investors Weigh In On TFS Financial

A number of large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in TFS Financial by 5.7% during the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank's stock valued at $256,000 after purchasing an additional 1,057 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in TFS Financial in the 2nd quarter valued at about $231,000. CANADA LIFE ASSURANCE Co grew its position in TFS Financial by 16.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 26,529 shares of the bank's stock valued at $343,000 after buying an additional 3,829 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in TFS Financial by 913.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank's stock valued at $68,000 after acquiring an additional 4,731 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in TFS Financial by 102.0% in the 2nd quarter. Corient Private Wealth LLC now owns 22,234 shares of the bank's stock valued at $288,000 after acquiring an additional 11,227 shares during the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

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.