Renaissance Technologies LLC Has $41.47 Million Position in TFS Financial Co. (NASDAQ:TFSL)

Renaissance Technologies LLC trimmed its position in TFS Financial Co. (NASDAQ:TFSL) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,286,156 shares of the bank’s stock after selling 121,200 shares during the period. Renaissance Technologies LLC owned approximately 1.17% of TFS Financial worth $41,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TFSL. Allspring Global Investments Holdings LLC raised its holdings in 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 purchasing an additional 1,715 shares during the period. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 965 shares in the last quarter. BNP Paribas Financial Markets grew its stake in TFS Financial by 65.0% in the first quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after acquiring an additional 917 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of TFS Financial during the first quarter worth about $44,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of TFS Financial during the 4th quarter valued at about $49,000. Institutional investors own 9.81% of the company’s stock.

TFS Financial Price Performance

Shares of TFSL opened at $13.20 on Thursday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $3.71 billion, a PE ratio of 48.89 and a beta of 0.68. The stock has a 50 day simple moving average of $13.30 and a 200 day simple moving average of $12.83. TFS Financial Co. has a 52-week low of $10.97 and a 52-week high of $15.25.

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

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.2825 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.56%. TFS Financial’s payout ratio is presently 418.52%.

Insider Buying and Selling

In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total transaction of $85,085.00. Following the completion of the transaction, the chief financial officer now owns 91,216 shares of the company’s stock, valued at approximately $1,194,017.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of the business’s 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 of the company’s stock, valued at approximately $1,194,017.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc A. Stefanski sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the completion of the transaction, the chief executive officer now owns 37,150 shares of the company’s stock, valued at approximately $476,263. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,500 shares of company stock worth $546,605. 1.13% of the stock is owned by corporate insiders.

TFS Financial 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.