TFS Financial Co. (NASDAQ:TFSL) Shares Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC raised its stake in TFS Financial Co. (NASDAQ:TFSL) by 70.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,593 shares of the bank’s stock after buying an additional 9,740 shares during the quarter. Malaga Cove Capital LLC’s holdings in TFS Financial were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in TFS Financial by 106.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after purchasing an additional 965 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of TFS Financial by 585.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock valued at $25,000 after buying an additional 1,715 shares during the period. BNP Paribas Financial Markets raised its position in shares of TFS Financial by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after buying an additional 917 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of TFS Financial during the 4th quarter valued at approximately $49,000. Finally, Fidelis Capital Partners LLC acquired a new position in TFS Financial in the first quarter valued at approximately $44,000. 9.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded TFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st.

Insider Activity at TFS Financial

In other TFS Financial news, CEO Marc A. Stefanski sold 16,000 shares of TFS Financial stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $12.82, for a total value of $205,120.00. Following the completion of the transaction, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at approximately $2,911,165.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the sale, the chief financial officer now directly owns 91,216 shares in the company, valued at approximately $1,194,017.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc A. Stefanski sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total transaction of $205,120.00. Following the completion of the transaction, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at approximately $2,911,165.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,587 shares of company stock worth $341,579. 1.13% of the stock is currently owned by company insiders.

TFS Financial Trading Down 1.1 %

Shares of TFSL stock opened at $13.03 on Tuesday. TFS Financial Co. has a 1-year low of $10.97 and a 1-year high of $15.25. The firm has a market cap of $3.66 billion, a PE ratio of 48.26 and a beta of 0.68. The company has a 50-day moving average of $13.22 and a two-hundred day moving average of $12.82. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $191.15 million during the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 4.25%.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.2825 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.67%. TFS Financial’s payout ratio is presently 418.52%.

TFS Financial 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.