Barbara J. Anderson Sells 13,400 Shares of TFS Financial Co. (NASDAQ:TFSL) Stock

TFS Financial Co. (NASDAQ:TFSL) Director Barbara J. Anderson sold 13,400 shares of TFS Financial stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $13.14, for a total value of $176,076.00. Following the sale, the director now directly owns 1,700 shares in the company, valued at approximately $22,338. The sale was disclosed in a document filed with the SEC, which is available at this link.

TFS Financial Stock Performance

TFS Financial stock opened at $12.93 on Wednesday. TFS Financial Co. has a 52-week low of $10.97 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a fifty day moving average price of $12.44 and a two-hundred day moving average price of $13.12. The firm has a market capitalization of $3.63 billion, a P/E ratio of 47.89 and a beta of 0.65.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $77.10 million during the quarter, compared to the consensus estimate of $71.24 million. TFS Financial had a net margin of 11.08% and a return on equity of 4.15%.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend was Wednesday, March 6th. TFS Financial’s payout ratio is currently 418.52%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TFSL. Piper Sandler initiated coverage on shares of TFS Financial in a research note on Friday, February 23rd. They set a “neutral” rating and a $14.00 price target on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $14.00 target price (down previously from $15.00) on shares of TFS Financial in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On TFS Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of TFSL. Dimensional Fund Advisors LP grew its holdings in shares of TFS Financial by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,354 shares of the bank’s stock worth $32,560,000 after purchasing an additional 152,815 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in TFS Financial by 35.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 433,756 shares of the bank’s stock worth $5,127,000 after acquiring an additional 113,191 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in TFS Financial by 4.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 975,030 shares of the bank’s stock valued at $11,525,000 after acquiring an additional 41,045 shares in the last quarter. Arden Trust Co raised its stake in shares of TFS Financial by 67.4% in the fourth quarter. Arden Trust Co now owns 84,174 shares of the bank’s stock worth $1,237,000 after acquiring an additional 33,897 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of TFS Financial by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 409,220 shares of the bank’s stock worth $4,837,000 after purchasing an additional 32,496 shares in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Company Profile

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.