GSA Capital Partners LLP Takes Position in TFS Financial Co. (NASDAQ:TFSL)

GSA Capital Partners LLP purchased a new stake in TFS Financial Co. (NASDAQ:TFSL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 48,110 shares of the bank’s stock, valued at approximately $619,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of TFS Financial by 585.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock valued at $25,000 after buying an additional 1,715 shares during the period. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 917 shares during the period. EntryPoint Capital LLC acquired a new position in TFS Financial in the 1st quarter worth $113,000. Evergreen Capital Management LLC acquired a new position in TFS Financial in the 2nd quarter worth $139,000. Finally, SG Americas Securities LLC boosted its stake in TFS Financial by 12.6% in the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after purchasing an additional 1,361 shares during the period. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Price Performance

Shares of NASDAQ TFSL opened at $13.87 on Tuesday. The firm has a market cap of $3.89 billion, a PE ratio of 51.37 and a beta of 0.68. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.25. The company has a fifty day moving average price of $13.12 and a 200 day moving average price of $13.06.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $194.94 million during the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. During the same period in the previous year, the company posted $0.07 earnings per share.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.13 annualized dividend and a yield of 8.15%. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

Insiders Place Their Bets

In other TFS Financial news, 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 transaction of $256,400.00. Following the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at $476,263. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.13% of the company’s stock.

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.