Atom Investors LP Invests $940,000 in TFS Financial Co. (NASDAQ:TFSL)

Atom Investors LP bought a new position in shares of TFS Financial Co. (NASDAQ:TFSL) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 73,105 shares of the bank’s stock, valued at approximately $940,000.

Other institutional investors have also modified their holdings of the company. Paloma Partners Management Co acquired a new position in TFS Financial during the third quarter valued at approximately $252,000. Kestra Investment Management LLC purchased a new position in shares of TFS Financial in the 3rd quarter valued at $1,693,000. BNP Paribas Financial Markets lifted its holdings in shares of TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock valued at $108,000 after acquiring an additional 7,499 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TFS Financial during the 3rd quarter worth $310,000. Finally, Pathstone Holdings LLC increased its holdings in TFS Financial by 34.5% in the 3rd quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after purchasing an additional 41,930 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

TFS Financial Trading Down 1.1 %

TFSL opened at $13.60 on Wednesday. The firm has a market capitalization of $3.82 billion, a P/E ratio of 50.37 and a beta of 0.69. The firm’s 50 day moving average is $13.38 and its 200-day moving average is $13.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $15.25.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $194.94 million for the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. During the same period last year, the firm earned $0.07 EPS. Analysts expect that TFS Financial Co. will post 0.26 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend is Tuesday, December 3rd. TFS Financial’s dividend payout ratio is currently 418.52%.

Insider Buying and Selling at TFS Financial

In related news, CEO Marc A. Stefanski sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total transaction of $256,400.00. Following the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at approximately $476,263. This represents a 35.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler restated a “neutral” rating and set a $15.00 price objective on shares of TFS Financial in a research note on Friday, November 22nd.

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.