Nisa Investment Advisors LLC Has $266,000 Stock Position in TFS Financial Corporation $TFSL

Nisa Investment Advisors LLC grew its position in TFS Financial Corporation (NASDAQ:TFSL) by 86.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,560 shares of the bank’s stock after buying an additional 9,560 shares during the period. Nisa Investment Advisors LLC’s holdings in TFS Financial were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of TFS Financial by 2.8% in the 1st quarter. Cetera Investment Advisers now owns 31,137 shares of the bank’s stock valued at $386,000 after buying an additional 837 shares during the period. Parallel Advisors LLC increased its stake in shares of TFS Financial by 5.4% in the 2nd quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock valued at $334,000 after buying an additional 1,319 shares during the period. Fifth Third Bancorp acquired a new stake in shares of TFS Financial in the 2nd quarter valued at $25,000. AlphaQuest LLC boosted its position in shares of TFS Financial by 28.7% in the 2nd quarter. AlphaQuest LLC now owns 10,196 shares of the bank’s stock worth $132,000 after purchasing an additional 2,275 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of TFS Financial by 8.3% in the 2nd quarter. Inspire Investing LLC now owns 30,060 shares of the bank’s stock worth $389,000 after purchasing an additional 2,297 shares during the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TFSL. Weiss Ratings restated a “hold (c+)” rating on shares of TFS Financial in a research report on Wednesday, October 8th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, TFS Financial presently has a consensus rating of “Hold” and an average target price of $15.00.

Insider Buying and Selling

In other news, Director Anthony J. Asher purchased 37,675 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $13.26 per share, for a total transaction of $499,570.50. Following the completion of the acquisition, the director directly owned 37,675 shares in the company, valued at approximately $499,570.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc A. Stefanski sold 7,200 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $14.17, for a total value of $102,024.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 38,100 shares of company stock valued at $516,267. Corporate insiders own 0.95% of the company’s stock.

TFS Financial Stock Performance

TFSL stock opened at $13.67 on Tuesday. The business’s 50-day moving average price is $13.43 and its two-hundred day moving average price is $13.20. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The firm has a market cap of $3.84 billion, a PE ratio of 47.14 and a beta of 0.73. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.99.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. As a group, research analysts forecast that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Wednesday, September 10th. TFS Financial’s payout ratio is 353.13%.

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.