Sequoia Financial Advisors LLC Invests $126,000 in TFS Financial Co. (NASDAQ:TFSL)

Sequoia Financial Advisors LLC acquired a new position in TFS Financial Co. (NASDAQ:TFSLFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,021 shares of the bank’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of TFS Financial by 106.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after purchasing an additional 965 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of TFS Financial by 228.8% in the fourth quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock worth $30,000 after acquiring an additional 1,430 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of TFS Financial by 585.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock worth $25,000 after acquiring an additional 1,715 shares during the period. KBC Group NV boosted its holdings in shares of TFS Financial by 20.6% in the fourth quarter. KBC Group NV now owns 12,776 shares of the bank’s stock worth $188,000 after acquiring an additional 2,180 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of TFS Financial by 21.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 13,550 shares of the bank’s stock worth $199,000 after acquiring an additional 2,370 shares during the period. 9.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TFSL. StockNews.com downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $14.00 target price (down previously from $15.00) on shares of TFS Financial in a research note on Thursday, May 2nd.

Read Our Latest Report on TFSL

Insider Activity at TFS Financial

In other TFS Financial news, CFO Meredith S. Weil sold 4,087 shares of TFS Financial stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $12.57, for a total value of $51,373.59. Following the transaction, the chief financial officer now directly owns 102,332 shares of the company’s stock, valued at $1,286,313.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Meredith S. Weil sold 4,087 shares of TFS Financial stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $12.57, for a total transaction of $51,373.59. Following the completion of the sale, the chief financial officer now directly owns 102,332 shares in the company, valued at $1,286,313.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara J. Anderson sold 13,400 shares of TFS Financial stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $13.14, for a total transaction of $176,076.00. Following the sale, the director now owns 1,700 shares of the company’s stock, valued at $22,338. The disclosure for this sale can be found here. Insiders have sold a total of 21,237 shares of company stock valued at $277,025 over the last ninety days. 1.13% of the stock is owned by company insiders.

TFS Financial Stock Performance

TFS Financial stock opened at $12.74 on Thursday. The company has a 50 day moving average price of $12.76 and a 200-day moving average price of $12.97. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.58 and a current ratio of 1.58. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25. The company has a market capitalization of $3.58 billion, a PE ratio of 47.19 and a beta of 0.68.

TFS Financial (NASDAQ:TFSLGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. TFS Financial had a net margin of 11.08% and a return on equity of 4.14%. The firm had revenue of $77.10 million during the quarter, compared to the consensus estimate of $71.24 million.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.87%. The ex-dividend date was Tuesday, June 11th. TFS Financial’s payout ratio is 418.52%.

About TFS Financial

(Free Report)

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.

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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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