Rhumbline Advisers Decreases Position in TFS Financial Co. (NASDAQ:TFSL)

Rhumbline Advisers lowered its stake in TFS Financial Co. (NASDAQ:TFSL) by 9.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,865 shares of the bank’s stock after selling 5,242 shares during the quarter. Rhumbline Advisers’ holdings in TFS Financial were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of TFS Financial by 585.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,715 shares during the period. PNC Financial Services Group Inc. increased its stake in TFS Financial by 106.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after buying an additional 965 shares during the period. BNP Paribas Financial Markets lifted its holdings in TFS Financial by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock worth $29,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in TFS Financial in the 1st quarter valued at about $44,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of TFS Financial during the fourth quarter valued at about $49,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Trading Up 0.2 %

NASDAQ:TFSL opened at $13.12 on Wednesday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 48.59 and a beta of 0.68. TFS Financial Co. has a one year low of $10.97 and a one year high of $15.25. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The business’s 50-day simple moving average is $13.29 and its 200 day simple moving average is $12.83.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. TFS Financial had a return on equity of 4.25% and a net margin of 10.97%. The company had revenue of $191.15 million for the quarter.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.2825 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.13 dividend on an annualized basis and a yield of 8.61%. TFS Financial’s dividend payout ratio (DPR) is 418.52%.

Insiders Place Their Bets

In related news, CEO Marc A. Stefanski sold 16,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $12.82, for a total value of $205,120.00. Following the completion of the sale, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 transaction, the chief executive officer now directly owns 37,150 shares in the company, valued at approximately $476,263. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marc A. Stefanski sold 16,000 shares of TFS Financial stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $12.82, for a total transaction of $205,120.00. Following the completion of the transaction, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The disclosure for this sale can be found here. Insiders sold a total of 42,500 shares of company stock valued at $546,605 in the last ninety days. Corporate insiders own 1.13% 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.