Vision Capital Management Inc. Has $1.28 Million Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

Vision Capital Management Inc. decreased its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,259 shares of the bank’s stock after selling 24,594 shares during the quarter. Vision Capital Management Inc.’s holdings in TFS Financial were worth $1,284,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of TFS Financial by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after purchasing an additional 22,777 shares during the last quarter. Pathstone Holdings LLC increased its stake 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 $1,693,000. Atom Investors LP acquired a new position in shares of TFS Financial during the 3rd quarter worth $940,000. Finally, Readystate Asset Management LP acquired a new position in shares of TFS Financial during the 3rd quarter worth $866,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Price Performance

NASDAQ TFSL opened at $13.71 on Thursday. 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 company has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $13.17. The company has a market cap of $3.85 billion, a P/E ratio of 48.96 and a beta of 0.72. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $14.99.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. On average, sell-side analysts predict that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Analyst Upgrades and Downgrades

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

About TFS Financial

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.