24,135 Shares in TFS Financial Co. (NASDAQ:TFSL) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in TFS Financial Co. (NASDAQ:TFSL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,135 shares of the bank’s stock, valued at approximately $310,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of TFS Financial by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares during the last quarter. SG Americas Securities LLC raised its stake in TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock valued at $154,000 after buying an additional 1,361 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in TFS Financial by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,479 shares of the bank’s stock valued at $371,000 after buying an additional 1,754 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of TFS Financial by 14.8% during the 3rd quarter. Inspire Investing LLC now owns 31,945 shares of the bank’s stock valued at $411,000 after buying an additional 4,107 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of TFS Financial by 30.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,598 shares of the bank’s stock worth $273,000 after buying an additional 5,057 shares during the last quarter. Institutional investors own 9.81% of the company’s stock.

TFS Financial Stock Down 0.2 %

TFSL opened at $14.14 on Friday. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.25. The firm’s 50 day simple moving average is $13.35 and its two-hundred day simple moving average is $13.14. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $3.97 billion, a PE ratio of 52.37 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. The company had revenue of $194.94 million for the quarter. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, equities analysts forecast that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.2825 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.99%. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

Insider Buying and Selling

In other TFS Financial news, CEO Marc A. Stefanski sold 20,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the transaction, the chief executive officer now owns 37,150 shares of the company’s stock, valued at $476,263. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

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