Cramer Rosenthal Mcglynn LLC increased its position in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,304,667 shares of the bank's stock after buying an additional 61,231 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.46% of TFS Financial worth $16,387,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC raised its holdings in TFS Financial by 68.0% in the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock worth $46,000 after purchasing an additional 1,497 shares during the period. Russell Investments Group Ltd. grew its stake in TFS Financial by 78.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank's stock valued at $52,000 after acquiring an additional 1,811 shares during the period. BNP Paribas Financial Markets increased its holdings in TFS Financial by 814.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank's stock worth $108,000 after acquiring an additional 7,499 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in TFS Financial in the 4th quarter valued at about $126,000. Finally, SBI Securities Co. Ltd. acquired a new stake in TFS Financial in the 4th quarter worth about $132,000. Hedge funds and other institutional investors own 9.81% of the company's stock.
Insider Activity at TFS Financial
In other news, CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total value of $288,860.00. Following the completion of the sale, the chief executive officer now directly owns 171,784 shares of the company's stock, valued at approximately $2,255,523.92. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel F. Weir sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total transaction of $131,100.00. Following the sale, the director now directly owns 18,841 shares in the company, valued at $247,005.51. This represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is owned by company insiders.
TFS Financial Price Performance
Shares of NASDAQ TFSL traded up $0.08 during midday trading on Wednesday, hitting $12.76. The stock had a trading volume of 124,455 shares, compared to its average volume of 286,007. 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 stock has a 50 day simple moving average of $12.48 and a 200-day simple moving average of $12.95. The company has a market capitalization of $3.58 billion, a PE ratio of 45.57 and a beta of 0.62. TFS Financial Co. has a 1 year low of $11.29 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 earnings per share (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%. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 8.86%. TFS Financial's payout ratio is 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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