Bank of America Corp DE Acquires 142,291 Shares of TFS Financial Co. (NASDAQ:TFSL)

Bank of America Corp DE lifted its stake in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 39.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 501,096 shares of the bank's stock after acquiring an additional 142,291 shares during the period. Bank of America Corp DE owned approximately 0.18% of TFS Financial worth $6,294,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TFSL. Norges Bank bought a new position in TFS Financial in the fourth quarter valued at $4,689,000. Sage Investment Counsel LLC acquired a new stake in shares of TFS Financial during the 4th quarter worth about $1,355,000. Vanguard Group Inc. raised its stake in TFS Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank's stock worth $66,324,000 after purchasing an additional 76,919 shares in the last quarter. Kestra Investment Management LLC raised its stake in TFS Financial by 56.0% in the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank's stock worth $2,580,000 after purchasing an additional 73,719 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in TFS Financial by 4.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,304,667 shares of the bank's stock worth $16,387,000 after purchasing an additional 61,231 shares in the last quarter. Institutional investors own 9.81% of the company's stock.

TFS Financial Price Performance

Shares of NASDAQ:TFSL remained flat at $13.25 during midday trading on Thursday. 227,564 shares of the stock traded hands, compared to its average volume of 290,020. The stock has a fifty day moving average price of $12.72 and a 200-day moving average price of $12.99. TFS Financial Co. has a one year low of $11.29 and a one year 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. The company has a market capitalization of $3.72 billion, a P/E ratio of 47.32 and a beta of 0.78.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. The company had revenue of $79.12 million during the quarter, compared to the consensus estimate of $69.42 million. Research analysts expect that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.53%. TFS Financial's dividend payout ratio (DPR) is presently 403.57%.

Insider Transactions at TFS Financial

In related news, Director Anthony J. Asher sold 59,507 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $13.40, for a total value of $797,393.80. Following the completion of the transaction, the director now owns 100 shares of the company's stock, valued at $1,340. This represents a 99.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew J. Rubino sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $13.61, for a total transaction of $81,660.00. Following the completion of the transaction, the insider now directly owns 24,126 shares of the company's stock, valued at approximately $328,354.86. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,067 shares of company stock valued at $1,984,646. Company insiders own 0.95% of the company's stock.

About TFS Financial

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.