Sage Investment Counsel LLC purchased a new stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 107,860 shares of the bank's stock, valued at approximately $1,355,000. TFS Financial comprises approximately 1.8% of Sage Investment Counsel LLC's portfolio, making the stock its 9th largest holding.
A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock worth $41,000 after purchasing an additional 976 shares in the last quarter. Quent Capital LLC increased its stake in shares of TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock valued at $46,000 after buying an additional 1,497 shares during the period. BNP Paribas Financial Markets increased its stake in shares of TFS Financial by 814.2% in the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank's stock valued at $108,000 after buying an additional 7,499 shares during the period. Nisa Investment Advisors LLC raised its holdings in TFS Financial by 125.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank's stock valued at $162,000 after buying an additional 7,000 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in TFS Financial during the 4th quarter worth approximately $167,000. 9.81% of the stock is currently owned by institutional investors.
Insider Transactions at TFS Financial
In other TFS Financial news, Director Daniel F. Weir sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total value of $131,100.00. Following the transaction, the director now directly owns 18,841 shares of the company's stock, valued at approximately $247,005.51. The trade was a 34.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc A. Stefanski sold 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $13.12, for a total transaction of $459,200.00. Following the transaction, the chief executive officer now directly owns 101,784 shares in the company, valued at approximately $1,335,406.08. This represents a 25.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,555 shares of company stock worth $1,386,515 over the last three months. 0.95% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler restated a "neutral" rating and issued a $15.00 price target on shares of TFS Financial in a research report on Friday, November 22nd.
Get Our Latest Research Report on TFS Financial
TFS Financial Trading Down 1.0 %
TFSL traded down $0.13 during midday trading on Wednesday, hitting $12.78. 354,394 shares of the company were exchanged, compared to its average volume of 263,899. The firm has a market capitalization of $3.59 billion, a P/E ratio of 45.64 and a beta of 0.72. The firm's 50 day moving average price is $12.97 and its 200-day moving average price is $13.19. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.00.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results 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 return on equity of 4.28% and a net margin of 10.58%. As a group, equities analysts forecast that TFS Financial Co. will post 0.29 EPS for the current fiscal year.
TFS Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial's dividend payout ratio is currently 403.57%.
About TFS Financial
(
Free Report)
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.
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