AlphaQuest LLC Trims Position in TFS Financial Co. (NASDAQ:TFSL)

AlphaQuest LLC lessened its stake in TFS Financial Co. (NASDAQ:TFSL) by 94.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,691 shares of the bank’s stock after selling 49,257 shares during the period. AlphaQuest LLC’s holdings in TFS Financial were worth $34,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TFSL. Quent Capital LLC increased its stake in TFS Financial by 68.0% in the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after buying an additional 1,497 shares during the period. BNP Paribas Financial Markets grew its holdings in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after acquiring an additional 7,499 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in TFS Financial during the 4th quarter worth about $132,000. Olympiad Research LP bought a new position in TFS Financial during the 4th quarter worth about $167,000. Finally, SG Americas Securities LLC grew its holdings in TFS Financial by 47.4% during the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock worth $175,000 after acquiring an additional 4,491 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Insider Activity

In other news, CEO Marc A. Stefanski sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total value of $288,860.00. Following the sale, the chief executive officer now directly owns 171,784 shares in the company, valued at approximately $2,255,523.92. This trade represents a 11.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $13.72, for a total transaction of $274,400.00. Following the completion of the sale, the insider now owns 88,197 shares of the company’s stock, valued at $1,210,062.84. This trade represents a 18.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,055 shares of company stock worth $1,550,540. Corporate insiders own 0.95% of the company’s stock.

TFS Financial Stock Down 1.0 %

Shares of TFS Financial stock opened at $12.13 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $15.00. The firm’s 50-day moving average is $12.92 and its two-hundred day moving average is $13.10. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 43.32 and a beta of 0.77.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. As a group, research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date was Thursday, March 6th. TFS Financial’s dividend payout ratio is currently 403.57%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reiterated a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a report 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.