US Bancorp DE Lowers Position in TFS Financial Corporation (NASDAQ:TFSL)

US Bancorp DE lessened its holdings in TFS Financial Corporation (NASDAQ:TFSL) by 12.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,176 shares of the bank’s stock after selling 2,392 shares during the period. US Bancorp DE’s holdings in TFS Financial were worth $200,000 as of its most recent SEC filing.

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

TFS Financial Stock Down 1.1%

TFSL opened at $13.04 on Friday. The stock has a market cap of $3.66 billion, a PE ratio of 44.97 and a beta of 0.75. The company has a quick ratio of 1.51, a current ratio of 1.54 and a debt-to-equity ratio of 2.59. TFS Financial Corporation has a 52 week low of $11.29 and a 52 week high of $14.99. The business’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $12.90.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $80.30 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. As a group, research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Tuesday, June 10th. TFS Financial’s dividend payout ratio (DPR) is 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.