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

TFS Financial Co. (NASDAQ:TFSL) Director Anthony J. Asher sold 13,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the transaction, the director now owns 59,607 shares in the company, valued at approximately $724,225.05. The trade was a 18.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TFS Financial Price Performance

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 market cap of $3.38 billion, a P/E ratio of 42.93 and a beta of 0.77. The firm’s fifty day moving average price is $12.94 and its two-hundred day moving average price is $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.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating 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%. Equities analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.2825 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.40%. TFS Financial’s payout ratio is presently 403.57%.

Institutional Investors Weigh In On TFS Financial

A number of institutional investors have recently modified their holdings of TFSL. GSA Capital Partners LLP bought a new stake in shares of TFS Financial in the third quarter valued at about $619,000. Quest Partners LLC bought a new stake in TFS Financial during the third quarter worth about $668,000. Pathstone Holdings LLC lifted its position in TFS Financial by 34.5% during the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock worth $2,100,000 after purchasing an additional 41,930 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in TFS Financial during the third quarter worth about $310,000. Finally, BNP Paribas Financial Markets lifted its position in TFS Financial by 814.2% during the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after purchasing an additional 7,499 shares during the period. Institutional investors own 9.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler restated a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a 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.