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 the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $13.14, for a total transaction of $176,076.00. Following the transaction, the director now directly owns 1,700 shares of the company’s stock, valued at $22,338. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TFS Financial Price Performance

NASDAQ TFSL traded down $0.05 on Monday, hitting $13.23. The stock had a trading volume of 92,990 shares, compared to its average volume of 286,474. The firm has a 50-day moving average of $12.43 and a 200-day moving average of $13.09. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 49.19 and a beta of 0.65. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.58 and a current ratio of 1.58. TFS Financial Co. has a 52-week low of $10.97 and a 52-week high of $15.25.

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

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.2825 per share. The ex-dividend date was Wednesday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.54%. TFS Financial’s dividend payout ratio is 418.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TFSL. Vanguard Group Inc. raised its position in TFS Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,270,541 shares of the bank’s stock worth $62,298,000 after purchasing an additional 31,130 shares during the period. Dimensional Fund Advisors LP grew its position in TFS Financial by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,354 shares of the bank’s stock worth $32,560,000 after acquiring an additional 152,815 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of TFS Financial by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 1,254,895 shares of the bank’s stock valued at $14,833,000 after purchasing an additional 23,321 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of TFS Financial by 4.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 975,030 shares of the bank’s stock worth $11,525,000 after purchasing an additional 41,045 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in shares of TFS Financial by 35.3% in the third quarter. Brandywine Global Investment Management LLC now owns 433,756 shares of the bank’s stock worth $5,127,000 after buying an additional 113,191 shares during the period. 9.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on TFSL shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $14.00 price objective (down from $15.00) on shares of TFS Financial in a report on Thursday. Piper Sandler began coverage on TFS Financial in a report on Friday, February 23rd. They issued a “neutral” rating and a $14.00 price objective for the company.

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.