Atom Investors LP purchased a new position in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,105 shares of the bank's stock, valued at approximately $940,000.
Several other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in TFS Financial by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock valued at $41,000 after acquiring an additional 976 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank's stock worth $154,000 after purchasing an additional 1,361 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of TFS Financial by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank's stock worth $371,000 after acquiring an additional 1,754 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of TFS Financial by 14.8% in the 3rd quarter. Inspire Investing LLC now owns 31,945 shares of the bank's stock worth $411,000 after acquiring an additional 4,107 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of TFS Financial by 30.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,598 shares of the bank's stock worth $273,000 after acquiring an additional 5,057 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Piper Sandler restated a "neutral" rating and set a $15.00 price target on shares of TFS Financial in a research note on Friday, November 22nd.
Get Our Latest Research Report on TFS Financial
TFS Financial Price Performance
NASDAQ:TFSL traded down $0.03 during midday trading on Wednesday, hitting $13.57. The company had a trading volume of 278,565 shares, compared to its average volume of 268,301. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $15.25. The stock's fifty day moving average price is $13.39 and its 200-day moving average price is $13.15. The company has a market capitalization of $3.81 billion, a PE ratio of 50.26 and a beta of 0.69. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $194.94 million during the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, research analysts expect that TFS Financial Co. will post 0.26 earnings per share for the current year.
TFS Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.33%. The ex-dividend date is Tuesday, December 3rd. TFS Financial's dividend payout ratio is presently 418.53%.
Insiders Place Their Bets
In other news, CEO Marc A. Stefanski sold 20,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the completion of the transaction, the chief executive officer now directly owns 37,150 shares of the company's stock, valued at approximately $476,263. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.13% of the stock is currently owned by insiders.
TFS Financial Company Profile
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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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