Vision Capital Management Inc. Cuts Stake in TFS Financial Co. (NASDAQ:TFSL)

Vision Capital Management Inc. lowered its position in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 19.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 102,259 shares of the bank's stock after selling 24,594 shares during the period. Vision Capital Management Inc.'s holdings in TFS Financial were worth $1,284,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TFSL. Allspring Global Investments Holdings LLC lifted its position in shares of TFS Financial by 44.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock worth $41,000 after buying an additional 976 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of TFS Financial by 814.2% during the third 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 last quarter. Nisa Investment Advisors LLC lifted its position in shares of TFS Financial by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank's stock worth $162,000 after purchasing an additional 7,000 shares during the last quarter. SG Americas Securities LLC grew its stake in TFS Financial by 47.4% in the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank's stock worth $175,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in TFS Financial during the 3rd quarter valued at $252,000. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Stock Down 1.7 %

Shares of TFSL stock traded down $0.23 during trading hours on Friday, reaching $13.65. 234,086 shares of the company's stock were exchanged, compared to its average volume of 272,507. The stock has a market cap of $3.83 billion, a PE ratio of 48.75 and a beta of 0.72. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.57. The stock's fifty day moving average price is $12.94 and its two-hundred day moving average price is $13.18. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $14.99.

TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. Research analysts predict that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial's payout ratio is 403.57%.

Insider Transactions at TFS Financial

In other news, insider Cathy W. Zbanek sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the sale, the insider now owns 88,197 shares of the company's stock, valued at $1,210,062.84. This trade represents a 18.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a "neutral" rating and set a $15.00 price objective on shares of TFS Financial in a report on Friday, November 22nd.

TFS Financial Company 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.