HighTower Advisors LLC Has $653,000 Stake in TFS Financial Corporation $TFSL

HighTower Advisors LLC lessened its stake in shares of TFS Financial Corporation (NASDAQ:TFSL) by 17.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,689 shares of the bank’s stock after selling 11,503 shares during the period. HighTower Advisors LLC’s holdings in TFS Financial were worth $653,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen LLC bought a new stake in TFS Financial during the first quarter worth about $2,341,000. Aigen Investment Management LP bought a new stake in TFS Financial during the first quarter worth about $128,000. Frank Rimerman Advisors LLC raised its holdings in TFS Financial by 26.8% during the first quarter. Frank Rimerman Advisors LLC now owns 20,127 shares of the bank’s stock worth $249,000 after acquiring an additional 4,250 shares in the last quarter. HB Wealth Management LLC bought a new stake in TFS Financial during the first quarter worth about $124,000. Finally, Cetera Investment Advisers raised its holdings in TFS Financial by 2.8% during the first quarter. Cetera Investment Advisers now owns 31,137 shares of the bank’s stock worth $386,000 after acquiring an additional 837 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

Insider Buying and Selling

In other TFS Financial news, Director Barbara J. Anderson sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $13.05, for a total transaction of $156,600.00. Following the transaction, the director owned 2,100 shares of the company’s stock, valued at $27,405. The trade was a 85.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony J. Asher purchased 37,675 shares of the stock in a transaction on Thursday, August 21st. The shares were acquired at an average cost of $13.26 per share, for a total transaction of $499,570.50. Following the transaction, the director owned 37,675 shares of the company’s stock, valued at approximately $499,570.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.95% of the stock is owned by insiders.

TFS Financial Stock Performance

TFSL opened at $14.06 on Friday. TFS Financial Corporation has a 52-week low of $11.29 and a 52-week high of $14.99. The firm has a market capitalization of $3.95 billion, a PE ratio of 48.48 and a beta of 0.75. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54. The business’s 50-day simple moving average is $13.12 and its 200 day simple moving average is $12.92.

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

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Wednesday, September 10th. TFS Financial’s payout ratio is 389.66%.

About TFS Financial

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.