Frank Rimerman Advisors LLC Invests $387,000 in TFS Financial Co. (NASDAQ:TFSL)

Frank Rimerman Advisors LLC purchased a new stake in shares of TFS Financial Co. (NASDAQ:TFSL) during the 2nd quarter, Holdings Channel reports. The fund purchased 30,669 shares of the bank’s stock, valued at approximately $387,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in TFS Financial by 65.0% in the first quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after purchasing an additional 917 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in TFS Financial by 106.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock valued at $28,000 after buying an additional 965 shares during the last quarter. SG Americas Securities LLC boosted its position in TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after buying an additional 1,361 shares during the period. Allspring Global Investments Holdings LLC boosted its position in TFS Financial by 585.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock worth $25,000 after buying an additional 1,715 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in TFS Financial by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank’s stock worth $371,000 after acquiring an additional 1,754 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Price Performance

TFSL stock opened at $13.12 on Wednesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial Co. has a 52-week low of $10.97 and a 52-week high of $15.25. The company has a market capitalization of $3.68 billion, a P/E ratio of 48.59 and a beta of 0.68. The company has a fifty day moving average price of $13.29 and a 200-day moving average price of $12.83.

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

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend was Tuesday, September 10th. TFS Financial’s payout ratio is presently 418.52%.

Insider Buying and Selling at TFS Financial

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 value of $256,400.00. Following the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at approximately $476,263. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total transaction of $85,085.00. Following the completion of the sale, the chief financial officer now directly owns 91,216 shares in the company, valued at approximately $1,194,017.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc A. Stefanski sold 20,000 shares of the business’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 transaction, the chief executive officer now directly owns 37,150 shares in the company, valued at $476,263. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,500 shares of company stock valued at $546,605. 1.13% of the stock is currently owned by company insiders.

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.