BNP Paribas Financial Markets Acquires 7,499 Shares of TFS Financial Co. (NASDAQ:TFSL)

BNP Paribas Financial Markets raised its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 814.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,420 shares of the bank’s stock after buying an additional 7,499 shares during the quarter. BNP Paribas Financial Markets’ holdings in TFS Financial were worth $108,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TFSL. Dimensional Fund Advisors LP increased its position in TFS Financial by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock worth $31,258,000 after acquiring an additional 122,562 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in TFS Financial in the 2nd quarter worth $915,000. Quest Partners LLC bought a new position in shares of TFS Financial during the 3rd quarter worth about $668,000. GSA Capital Partners LLP acquired a new position in shares of TFS Financial during the third quarter valued at about $619,000. Finally, Pathstone Holdings LLC lifted its stake in shares of TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after buying an additional 41,930 shares during the period. 9.81% of the stock is owned by institutional investors.

TFS Financial Stock Down 4.4 %

Shares of TFSL stock opened at $12.62 on Thursday. The stock has a market cap of $3.54 billion, a P/E ratio of 46.74 and a beta of 0.69. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a fifty day moving average price of $13.53 and a 200 day moving average price of $13.17. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.25.

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

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.95%. TFS Financial’s payout ratio is presently 418.52%.

Analyst Upgrades and Downgrades

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 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.