Quent Capital LLC Raises Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

Quent Capital LLC increased its position in TFS Financial Co. (NASDAQ:TFSLFree Report) by 228.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,055 shares of the bank’s stock after buying an additional 1,430 shares during the quarter. Quent Capital LLC’s holdings in TFS Financial were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TFSL. Advisor Group Holdings Inc. increased its stake in shares of TFS Financial by 55.4% in the first quarter. Advisor Group Holdings Inc. now owns 14,909 shares of the bank’s stock worth $247,000 after buying an additional 5,317 shares during the period. JPMorgan Chase & Co. increased its position in TFS Financial by 6.1% during the 1st quarter. JPMorgan Chase & Co. now owns 27,267 shares of the bank’s stock valued at $453,000 after purchasing an additional 1,561 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in TFS Financial during the 1st quarter valued at $185,000. Bank of New York Mellon Corp increased its position in TFS Financial by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,323,694 shares of the bank’s stock valued at $21,972,000 after purchasing an additional 39,260 shares during the period. Finally, US Bancorp DE increased its position in TFS Financial by 409.9% during the 1st quarter. US Bancorp DE now owns 14,441 shares of the bank’s stock valued at $240,000 after purchasing an additional 11,609 shares during the period. 9.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daniel F. Weir sold 15,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $14.28, for a total value of $214,200.00. Following the completion of the transaction, the director now directly owns 54,805 shares in the company, valued at approximately $782,615.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Daniel F. Weir sold 15,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $14.28, for a total value of $214,200.00. Following the completion of the transaction, the director now directly owns 54,805 shares in the company, valued at approximately $782,615.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley T. Stefanski sold 6,269 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $12.76, for a total transaction of $79,992.44. Following the completion of the transaction, the insider now owns 51,709 shares of the company’s stock, valued at $659,806.84. The disclosure for this sale can be found here. Insiders sold a total of 65,218 shares of company stock worth $892,683 in the last three months. 1.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler initiated coverage on shares of TFS Financial in a research report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price objective on the stock.

Get Our Latest Stock Analysis on TFS Financial

TFS Financial Stock Down 1.5 %

Shares of TFS Financial stock opened at $12.37 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.69. The company’s fifty day simple moving average is $12.98 and its two-hundred day simple moving average is $13.02. The company has a market cap of $3.47 billion, a P/E ratio of 47.58 and a beta of 0.64. TFS Financial Co. has a 12-month low of $10.97 and a 12-month high of $15.25.

TFS Financial (NASDAQ:TFSLGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The bank reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $75.41 million for the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 3.93%. Research analysts anticipate that TFS Financial Co. will post 0.23 EPS for the current year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.14%. TFS Financial’s payout ratio is 434.63%.

About TFS Financial

(Free Report)

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.

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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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