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

Frank Rimerman Advisors LLC bought a new position in shares of TFS Financial Co. (NASDAQ:TFSL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,669 shares of the bank’s stock, valued at approximately $387,000.

A number of other institutional investors have also made changes to their positions in TFSL. PNC Financial Services Group Inc. boosted its position in TFS Financial by 106.0% during 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 period. Allspring Global Investments Holdings LLC grew its stake in 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 last quarter. BNP Paribas Financial Markets grew 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 valued at $29,000 after buying an additional 917 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in TFS Financial in the 4th quarter valued at about $49,000. Finally, Fidelis Capital Partners LLC acquired a new stake in TFS Financial during the first quarter worth approximately $44,000. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Price Performance

TFS Financial stock opened at $13.12 on Wednesday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 48.59 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 12 month low of $10.97 and a 12 month high of $15.25. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $12.83.

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

TFS Financial Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Marc A. Stefanski sold 16,000 shares of TFS Financial stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total value of $205,120.00. Following the completion of the sale, the chief executive officer now directly owns 227,080 shares in the company, valued at $2,911,165.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the sale, the chief financial officer now directly owns 91,216 shares in the company, valued at $1,194,017.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc A. Stefanski sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total transaction of $205,120.00. Following the completion of the transaction, the chief executive officer now owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The disclosure for this sale can be found here. Insiders have sold a total of 42,500 shares of company stock worth $546,605 in the last quarter. Corporate insiders own 1.13% of the company’s stock.

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.