TFS Financial Corporation (NASDAQ:TFSL) Stake Lessened by Cwm LLC

Cwm LLC decreased its holdings in shares of TFS Financial Corporation (NASDAQ:TFSL) by 43.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,393 shares of the bank’s stock after selling 1,871 shares during the quarter. Cwm LLC’s holdings in TFS Financial were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TFSL. Aquatic Capital Management LLC purchased a new position in TFS Financial during the 4th quarter valued at about $43,000. Ancora Advisors LLC boosted its holdings in shares of TFS Financial by 128.8% during the fourth quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock worth $45,000 after purchasing an additional 2,000 shares during the period. Deutsche Bank AG acquired a new stake in shares of TFS Financial during the fourth quarter worth approximately $47,000. Russell Investments Group Ltd. grew its position in TFS Financial by 78.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,811 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in TFS Financial by 935.0% in the 1st quarter. GAMMA Investing LLC now owns 6,914 shares of the bank’s stock valued at $86,000 after buying an additional 6,246 shares during the period. 9.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TFS Financial

In related news, insider Gavin B. Stefanski sold 3,505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $13.47, for a total transaction of $47,212.35. Following the transaction, the insider owned 32,766 shares of the company’s stock, valued at approximately $441,358.02. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony J. Asher sold 59,507 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $13.40, for a total transaction of $797,393.80. Following the completion of the sale, the director directly owned 100 shares of the company’s stock, valued at $1,340. This represents a 99.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.

TFS Financial Stock Down 0.3%

TFSL stock opened at $12.79 on Tuesday. The company has a 50 day moving average of $13.02 and a two-hundred day moving average of $12.89. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 44.10 and a beta of 0.75. TFS Financial Corporation has a 12-month low of $11.29 and a 12-month high of $14.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.42.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The business had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.30 million. On average, equities analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.8%. TFS Financial’s payout ratio is presently 389.66%.

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.