TFS Financial Co. (NASDAQ:TFSL) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 34.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,308 shares of the bank's stock after purchasing an additional 41,930 shares during the quarter. Pathstone Holdings LLC owned about 0.06% of TFS Financial worth $2,100,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of TFS Financial during the 3rd quarter worth approximately $668,000. GSA Capital Partners LLP bought a new stake in shares of TFS Financial in the 3rd quarter worth approximately $619,000. Integrated Advisors Network LLC grew its stake in shares of TFS Financial by 56.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank's stock worth $284,000 after acquiring an additional 7,984 shares during the period. Nisa Investment Advisors LLC boosted 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 worth $162,000 after buying an additional 7,000 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of TFS Financial by 196.0% in the third quarter. Sequoia Financial Advisors LLC now owns 30,137 shares of the bank's stock valued at $388,000 after purchasing an additional 19,954 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Price Performance

TFSL traded down $0.12 during trading on Wednesday, reaching $14.17. 261,592 shares of the company traded hands, compared to its average volume of 266,888. The firm has a fifty day simple moving average of $13.29 and a 200 day simple moving average of $13.12. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.25. The company has a market cap of $3.98 billion, a P/E ratio of 52.93 and a beta of 0.68. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.55 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued 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. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. The company had revenue of $194.94 million for the quarter. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, equities analysts forecast that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $0.2825 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.13 annualized dividend and a dividend yield of 7.97%. TFS Financial's dividend payout ratio (DPR) is 418.53%.

Insider Buying and Selling at TFS Financial

In related news, CEO Marc A. Stefanski sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the completion of the sale, the chief executive officer now owns 37,150 shares in the company, valued at $476,263. This trade represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.13% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a "neutral" rating and issued a $15.00 target price on shares of TFS Financial in a research note on Friday, November 22nd.

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.