Nisa Investment Advisors LLC Acquires 6,400 Shares of TFS Financial Corporation (NASDAQ:TFSL)

Nisa Investment Advisors LLC grew its position in TFS Financial Corporation (NASDAQ:TFSL) by 139.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,000 shares of the bank’s stock after purchasing an additional 6,400 shares during the period. Nisa Investment Advisors LLC’s holdings in TFS Financial were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aquatic Capital Management LLC bought a new stake in shares of TFS Financial during the 4th quarter worth about $43,000. Ancora Advisors LLC boosted its stake in shares of TFS Financial by 128.8% in the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,000 shares during the last quarter. Deutsche Bank AG bought a new position in TFS Financial during the fourth quarter worth $47,000. Russell Investments Group Ltd. raised its holdings in TFS Financial by 78.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock worth $52,000 after buying an additional 1,811 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in TFS Financial by 935.0% during the first quarter. GAMMA Investing LLC now owns 6,914 shares of the bank’s stock worth $86,000 after buying an additional 6,246 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Stock Performance

NASDAQ TFSL opened at $13.04 on Friday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $3.66 billion, a PE ratio of 46.57 and a beta of 0.74. TFS Financial Corporation has a 52-week low of $11.29 and a 52-week high of $15.00. The company has a 50-day simple moving average of $13.12 and a 200 day simple moving average of $12.85.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $79.12 million during the quarter, compared to analyst estimates of $69.42 million. TFS Financial had a net margin of 10.57% and a return on equity of 4.30%. On average, research analysts predict that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date of this dividend was Tuesday, June 10th. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Insider Activity

In related news, insider Gavin B. Stefanski sold 3,505 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $13.47, for a total value of $47,212.35. Following the completion of the sale, the insider directly owned 32,766 shares of the company’s stock, valued at approximately $441,358.02. This represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew J. Rubino sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $13.61, for a total value of $81,660.00. Following the completion of the transaction, the insider owned 24,126 shares of the company’s stock, valued at $328,354.86. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,012 shares of company stock worth $1,128,466. 0.95% of the stock is currently owned by company insiders.

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.