Cramer Rosenthal Mcglynn LLC decreased its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,072,134 shares of the bank’s stock after selling 30,775 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in TFS Financial were worth $19,373,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in TFS Financial by 503.6% during the 1st quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock worth $28,000 after acquiring an additional 1,405 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in TFS Financial during the 2nd quarter worth about $33,000. JPMorgan Chase & Co. increased its holdings in TFS Financial by 26.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock worth $74,000 after purchasing an additional 879 shares during the period. BNP Paribas Arbitrage SA increased its holdings in TFS Financial by 49.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock worth $89,000 after purchasing an additional 1,793 shares during the period. Finally, Atria Investments LLC purchased a new stake in TFS Financial during the 2nd quarter worth about $209,000. 14.35% of the stock is currently owned by hedge funds and other institutional investors.
In other TFS Financial news, Chairman Marc A. Stefanski sold 13,222 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $18.00, for a total transaction of $237,996.00. Following the sale, the chairman now owns 229,400 shares in the company, valued at approximately $4,129,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.78% of the stock is owned by corporate insiders.
Several equities research analysts have weighed in on TFSL shares. Zacks Investment Research downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. BidaskClub downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Finally, TheStreet upgraded TFS Financial from a “c+” rating to a “b-” rating in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.00.
NASDAQ TFSL traded up $0.09 during trading hours on Friday, hitting $18.23. 731 shares of the company were exchanged, compared to its average volume of 145,697. The company has a 50 day moving average of $17.79 and a two-hundred day moving average of $17.30. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.24. TFS Financial Co. has a 52-week low of $14.19 and a 52-week high of $18.61. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 57.00 and a beta of 0.18.
TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). TFS Financial had a return on equity of 4.62% and a net margin of 16.26%. The company had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $72.80 million.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 5.92%. TFS Financial’s dividend payout ratio (DPR) is 337.50%.
TFS Financial Company Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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.
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