Vision Capital Management Inc. Has $1.28 Million Stock Position in TFS Financial Co. (NASDAQ:TFSL)

Vision Capital Management Inc. lowered its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,259 shares of the bank’s stock after selling 24,594 shares during the quarter. Vision Capital Management Inc.’s holdings in TFS Financial were worth $1,284,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after acquiring an additional 976 shares in the last quarter. BNP Paribas Financial Markets increased its position in TFS Financial by 814.2% in 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. Nisa Investment Advisors LLC increased its position in TFS Financial by 125.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock valued at $162,000 after acquiring an additional 7,000 shares in the last quarter. SG Americas Securities LLC increased its position in TFS Financial by 47.4% in the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock valued at $175,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in TFS Financial in the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

TFS Financial Stock Down 0.1 %

TFS Financial stock opened at $13.71 on Thursday. The company’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $13.17. TFS Financial Co. has a fifty-two week low of $11.70 and a fifty-two week high of $14.99. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 48.96 and a beta of 0.72. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. As a group, sell-side analysts anticipate that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial’s payout ratio is currently 403.57%.

Analyst Upgrades and Downgrades

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

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.