Maridea Wealth Management LLC Invests $483,000 in TFS Financial Co. (NASDAQ:TFSL)

Maridea Wealth Management LLC bought a new stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,479 shares of the bank's stock, valued at approximately $483,000.

A number of other institutional investors have also modified their holdings of TFSL. Quent Capital LLC grew its position in TFS Financial by 68.0% in the 4th 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TFS Financial by 814.2% in the 3rd 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. KLP Kapitalforvaltning AS acquired a new stake in TFS Financial in the fourth quarter valued at $126,000. SBI Securities Co. Ltd. purchased a new stake in TFS Financial during the fourth quarter worth about $132,000. Finally, AXQ Capital LP purchased a new stake in shares of TFS Financial during the 4th quarter worth approximately $139,000. Institutional investors and hedge funds own 9.81% of the company's stock.

TFS Financial Price Performance

NASDAQ TFSL traded up $0.11 during mid-day trading on Monday, hitting $12.39. The stock had a trading volume of 425,414 shares, compared to its average volume of 273,004. The company has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $13.07. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 44.25 and a beta of 0.77. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $15.00.

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TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping 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 forecast that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 9.12%. The ex-dividend date was Thursday, March 6th. TFS Financial's payout ratio is 403.57%.

Insider Transactions at TFS Financial

In other TFS Financial news, Director Anthony J. Asher sold 13,500 shares of the 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 of the company's stock, valued at $724,225.05. This represents a 18.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc A. Stefanski sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $13.12, for a total value of $459,200.00. Following the transaction, the chief executive officer now owns 101,784 shares in the company, valued at $1,335,406.08. This trade 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 118,055 shares of company stock valued at $1,550,540 over the last three months. 0.95% of the stock is currently owned by insiders.

TFS Financial 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.