Frank Rimerman Advisors LLC Boosts Position in TFS Financial Co. (NASDAQ:TFSL)

Frank Rimerman Advisors LLC grew its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,877 shares of the bank’s stock after buying an additional 3,406 shares during the period. Frank Rimerman Advisors LLC’s holdings in TFS Financial were worth $199,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC grew its stake in TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after purchasing an additional 1,497 shares during the period. BNP Paribas Financial Markets grew its stake in TFS Financial by 814.2% in the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after purchasing an additional 7,499 shares during the period. SBI Securities Co. Ltd. purchased a new stake in TFS Financial in the fourth quarter worth $132,000. Olympiad Research LP purchased a new stake in TFS Financial in the fourth quarter worth $167,000. Finally, SG Americas Securities LLC grew its stake in TFS Financial by 47.4% in the fourth quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock worth $175,000 after purchasing an additional 4,491 shares during the period. 9.81% of the stock is owned by hedge funds and other institutional investors.

TFS Financial Trading Up 0.2 %

TFS Financial stock opened at $12.34 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The business’s fifty day simple moving average is $12.93 and its two-hundred day simple moving average is $13.13. TFS Financial Co. has a 12 month low of $11.70 and a 12 month high of $15.00. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 44.07 and a beta of 0.77.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping the consensus estimate 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 analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 9.16%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial’s dividend payout ratio (DPR) is 403.57%.

Insiders Place Their Bets

In other news, Director Anthony J. Asher sold 13,500 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the transaction, the director now directly owns 59,607 shares of the company’s stock, valued at $724,225.05. This represents a 18.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel F. Weir sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.11, for a total value of $131,100.00. Following the sale, the director now directly owns 18,841 shares in the company, valued at $247,005.51. This trade represents a 34.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $15.00 price target on shares of TFS Financial in a research note 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.