First Trust Direct Indexing L.P. Purchases New Stake in TFS Financial Co. (NASDAQ:TFSL)

First Trust Direct Indexing L.P. acquired a new position in shares of TFS Financial Co. (NASDAQ:TFSL) in the 4th quarter, Holdings Channel.com reports. The firm acquired 13,126 shares of the bank’s stock, valued at approximately $193,000.

A number of other large investors also recently added to or reduced their stakes in the business. Quent Capital LLC grew its position in shares of TFS Financial by 228.8% during the 4th quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock worth $30,000 after buying an additional 1,430 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in TFS Financial during the 3rd quarter worth $119,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of TFS Financial during the 3rd quarter valued at $132,000. Oppenheimer Asset Management Inc. acquired a new position in shares of TFS Financial in the 3rd quarter valued at $134,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of TFS Financial in the 4th quarter worth $147,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Price Performance

TFSL opened at $12.96 on Thursday. The stock has a market cap of $3.64 billion, a P/E ratio of 48.00 and a beta of 0.65. TFS Financial Co. has a 12 month low of $10.97 and a 12 month high of $15.25. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.69. The company has a fifty day simple moving average of $12.44 and a 200 day simple moving average of $13.12.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. TFS Financial had a return on equity of 4.15% and a net margin of 11.08%. The company had revenue of $77.10 million during the quarter, compared to the consensus estimate of $71.24 million.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date was Wednesday, March 6th. TFS Financial’s payout ratio is currently 418.52%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TFSL. Piper Sandler assumed coverage on TFS Financial in a research note on Friday, February 23rd. They issued a “neutral” rating and a $14.00 target price on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $14.00 price target (down from $15.00) on shares of TFS Financial in a research report on Thursday, May 2nd.

Insider Buying and Selling at TFS Financial

In related news, Director Daniel F. Weir sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $12.90, for a total transaction of $135,450.00. Following the sale, the director now directly owns 14,305 shares in the company, valued at $184,534.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other TFS Financial news, insider Bradley T. Stefanski sold 6,269 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $12.76, for a total value of $79,992.44. Following the sale, the insider now owns 51,709 shares in the company, valued at approximately $659,806.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel F. Weir sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total transaction of $135,450.00. Following the transaction, the director now directly owns 14,305 shares of the company’s stock, valued at $184,534.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,618 shares of company stock valued at $435,459. 1.13% of the stock is currently 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.