Readystate Asset Management LP purchased a new stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 67,372 shares of the bank's stock, valued at approximately $866,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in TFS Financial by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank's stock valued at $31,258,000 after buying an additional 122,562 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of TFS Financial by 34.5% during the 3rd quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank's stock worth $2,100,000 after purchasing an additional 41,930 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of TFS Financial during the 3rd quarter worth approximately $1,693,000. Panagora Asset Management Inc. increased its position in shares of TFS Financial by 43.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank's stock worth $1,192,000 after purchasing an additional 28,497 shares during the last quarter. Finally, Atom Investors LP acquired a new position in shares of TFS Financial during the 3rd quarter worth approximately $940,000. Institutional investors own 9.81% of the company's stock.
Analyst Ratings Changes
Separately, Piper Sandler reissued a "neutral" rating and issued a $15.00 price objective on shares of TFS Financial in a research report on Friday, November 22nd.
Check Out Our Latest Analysis on TFSL
TFS Financial Stock Performance
Shares of NASDAQ TFSL traded up $0.03 during trading hours on Thursday, reaching $13.60. 85,736 shares of the stock were exchanged, compared to its average volume of 267,483. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 50.30 and a beta of 0.69. The stock's fifty day simple moving average is $13.39 and its 200 day simple moving average is $13.15. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.54 and a current ratio of 1.54. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $15.25.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The business 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 period in the prior year, the company earned $0.07 EPS. Sell-side analysts predict that TFS Financial Co. will post 0.26 EPS for the current year.
TFS Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend 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 on 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 in the company, valued at approximately $476,263. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.13% of the company's stock.
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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