Frank Rimerman Advisors LLC Increases Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

Frank Rimerman Advisors LLC boosted its position in TFS Financial Co. (NASDAQ:TFSL) by 27.3% during the 4th quarter, HoldingsChannel reports. The firm owned 15,877 shares of the bank’s stock after purchasing an additional 3,406 shares during the period. Frank Rimerman Advisors LLC’s holdings in TFS Financial were worth $199,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in TFS Financial by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after purchasing an additional 22,777 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of TFS Financial by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,015 shares of the bank’s stock worth $4,019,000 after buying an additional 3,277 shares during the period. Kestra Investment Management LLC raised its stake in shares of TFS Financial by 56.0% in the fourth quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank’s stock worth $2,580,000 after buying an additional 73,719 shares during the period. Pathstone Holdings LLC raised its stake in shares of TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock worth $2,100,000 after buying an additional 41,930 shares during the period. Finally, Sage Investment Counsel LLC bought a new position in shares of TFS Financial in the fourth quarter worth about $1,355,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

TFS Financial Stock Up 0.2 %

NASDAQ TFSL opened at $12.34 on Tuesday. The stock’s 50-day moving average price is $12.93 and its 200-day moving average price is $13.13. The company has a market capitalization of $3.47 billion, a P/E ratio of 44.07 and a beta of 0.77. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $15.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. On average, equities research analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 9.16%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Insider Activity at TFS Financial

In other TFS Financial news, CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total value of $288,860.00. Following the sale, the chief executive officer now owns 171,784 shares of the company’s stock, valued at $2,255,523.92. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $13.72, for a total value of $274,400.00. Following the completion of the sale, the insider now directly owns 88,197 shares in the company, valued at approximately $1,210,062.84. The trade was a 18.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed a “neutral” rating and issued 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.