Cramer Rosenthal Mcglynn LLC Buys 84,002 Shares of TFS Financial Corporation $TFSL

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in TFS Financial Corporation by 6.4%, acquiring an additional 84,002 shares, which brings their total ownership to 1,388,669 shares valued at approximately $17.2 million.
• TFS Financial announced a quarterly dividend of $0.2825 per share, reflecting an annualized dividend yield of 8.2%, despite having a notably high dividend payout ratio of 389.66%.
• The company reported earnings of $0.08 EPS for the last quarter, meeting analysts' expectations and generating revenues of $82.04 million, which surpassed the consensus estimate.

Cramer Rosenthal Mcglynn LLC grew its holdings in TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 6.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,388,669 shares of the bank's stock after purchasing an additional 84,002 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.49% of TFS Financial worth $17,206,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of TFS Financial by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,559,629 shares of the bank's stock worth $32,150,000 after acquiring an additional 43,064 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TFS Financial by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 931,874 shares of the bank's stock worth $11,704,000 after acquiring an additional 47,310 shares during the last quarter. Bank of America Corp DE increased its stake in shares of TFS Financial by 39.7% in the fourth quarter. Bank of America Corp DE now owns 501,096 shares of the bank's stock worth $6,294,000 after acquiring an additional 142,291 shares during the last quarter. FJ Capital Management LLC increased its stake in shares of TFS Financial by 3.4% in the fourth quarter. FJ Capital Management LLC now owns 339,756 shares of the bank's stock worth $4,267,000 after acquiring an additional 11,183 shares during the last quarter. Finally, Nuveen LLC acquired a new position in TFS Financial during the first quarter worth $2,341,000. Hedge funds and other institutional investors own 9.81% of the company's stock.

Insider Activity

In other TFS Financial news, Director Anthony J. Asher purchased 37,675 shares of the stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $13.26 per share, with a total value of $499,570.50. Following the completion of the transaction, the director owned 37,675 shares in the company, valued at $499,570.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara J. Anderson sold 12,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $13.05, for a total value of $156,600.00. Following the completion of the sale, the director directly owned 2,100 shares in the company, valued at approximately $27,405. This represents a 85.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.95% of the company's stock.

TFS Financial Stock Down 1.2%

TFS Financial stock traded down $0.17 during mid-day trading on Friday, hitting $14.06. 391,052 shares of the company's stock were exchanged, compared to its average volume of 334,313. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The stock has a market cap of $3.95 billion, a P/E ratio of 48.48 and a beta of 0.75. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.99. The stock has a 50 day moving average of $13.10 and a two-hundred day moving average of $12.92.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.30 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. As a group, analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Wednesday, September 10th. TFS Financial's dividend payout ratio (DPR) is currently 389.66%.

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.