373,327 Shares in TFS Financial Co. (NASDAQ:TFSL) Bought by Norges Bank

Norges Bank bought a new stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 373,327 shares of the bank's stock, valued at approximately $4,689,000. Norges Bank owned approximately 0.13% of TFS Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in TFS Financial by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank's stock valued at $13,907,000 after purchasing an additional 22,777 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TFS Financial by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank's stock valued at $368,000 after acquiring an additional 1,784 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of TFS Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank's stock valued at $66,324,000 after purchasing an additional 76,919 shares during the period. BNP Paribas Financial Markets boosted its holdings 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 worth $108,000 after buying an additional 7,499 shares during the period. Finally, Empowered Funds LLC purchased a new position in TFS Financial during the 4th quarter worth approximately $265,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Stock Up 2.1 %

TFSL traded up $0.25 on Tuesday, reaching $12.18. 37,944 shares of the company traded hands, compared to its average volume of 284,047. TFS Financial Co. has a 52-week low of $11.29 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 43.52 and a beta of 0.62. The stock's 50 day moving average price is $12.65 and its 200-day moving average price is $12.97.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share 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%. On average, sell-side analysts expect that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.2825 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.28%. TFS Financial's dividend payout ratio is 403.57%.

Insider Transactions at TFS Financial

In other news, Director Daniel F. Weir sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.11, for a total value of $131,100.00. Following the completion of the transaction, the director now owns 18,841 shares in the company, valued at approximately $247,005.51. This represents a 34.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony J. Asher sold 13,500 shares of TFS Financial stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $12.15, for a total transaction of $164,025.00. Following the sale, the director now owns 59,607 shares in the company, valued at approximately $724,225.05. This trade represents a 18.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,055 shares of company stock worth $1,550,540. Insiders own 0.95% of the company's stock.

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.