Corient Private Wealth LLC Takes $146,000 Position in TFS Financial Co. (NASDAQ:TFSL)

Corient Private Wealth LLC purchased a new position in TFS Financial Co. (NASDAQ:TFSL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,655 shares of the bank’s stock, valued at approximately $146,000.

Other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC grew its position in shares of TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,497 shares during the period. BNP Paribas Financial Markets lifted its stake in TFS Financial by 814.2% in the 3rd 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in TFS Financial in the 4th quarter worth about $132,000. Olympiad Research LP purchased a new stake in TFS Financial during the 4th quarter worth approximately $167,000. Finally, SG Americas Securities LLC increased its stake in TFS Financial by 47.4% during the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock worth $175,000 after buying an additional 4,491 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Stock Performance

NASDAQ TFSL opened at $12.45 on Wednesday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The stock’s 50 day simple moving average is $12.90 and its 200-day simple moving average is $13.06. The company has a market cap of $3.50 billion, a PE ratio of 44.46 and a beta of 0.77. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.00.

TFS Financial (NASDAQ:TFSL) 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 return on equity of 4.28% and a net margin of 10.58%. As a group, equities research analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently declared 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 was Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 9.08%. TFS Financial’s payout ratio is presently 403.57%.

Insider Activity at TFS Financial

In other news, Director Daniel F. Weir sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total transaction of $131,100.00. Following the transaction, the director now directly owns 18,841 shares in the company, valued at $247,005.51. The trade was a 34.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cathy W. Zbanek sold 20,000 shares of the company’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 value of $274,400.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,055 shares of company stock valued at $1,550,540. Corporate insiders own 0.95% of the company’s stock.

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.