FJ Capital Management LLC Has $4.49 Million Stock Holdings in TFS Financial Corporation $TFSL

Key Points

• FJ Capital Management LLC increased its holdings in TFS Financial Corporation by 6.7%, acquiring an additional 22,806 shares during the first quarter, totaling approximately $4.49 million in value.
• The company declared a quarterly dividend of $0.2825 per share, giving an annualized dividend yield of 8.0%, with the ex-dividend date set for September 10th.
• TFS Financial reported $82.04 million in revenue for the last quarter, surpassing analyst expectations and achieving a net margin of 10.67% and return on equity of 4.40%.

FJ Capital Management LLC raised its holdings in TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 362,562 shares of the bank's stock after acquiring an additional 22,806 shares during the quarter. FJ Capital Management LLC owned about 0.13% of TFS Financial worth $4,492,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in 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 purchasing an additional 142,291 shares during the period. Ameriprise Financial Inc. acquired a new stake in TFS Financial in the fourth quarter worth $126,000. Nisa Investment Advisors LLC raised its holdings in TFS Financial by 139.1% in the first quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the bank's stock worth $136,000 after purchasing an additional 6,400 shares during the period. Deutsche Bank AG acquired a new stake in TFS Financial in the fourth quarter worth $47,000. Finally, Nuveen LLC acquired a new stake in TFS Financial in the first quarter worth $2,341,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, Director Barbara J. Anderson sold 12,000 shares of TFS Financial stock in a transaction on Friday, August 15th. The shares were sold at an average price of $13.05, for a total value of $156,600.00. Following the sale, the director directly owned 2,100 shares in the company, valued at approximately $27,405. The trade was a 85.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc A. Stefanski sold 7,200 shares of TFS Financial stock in a transaction on Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,200 shares of company stock valued at $464,124 over the last quarter. 0.95% of the stock is currently owned by corporate insiders.

TFS Financial Trading Down 0.1%

TFSL traded down $0.01 during mid-day trading on Friday, hitting $13.61. The stock had a trading volume of 382,341 shares, compared to its average volume of 336,640. The stock's fifty day simple moving average is $13.20 and its 200-day simple moving average is $12.92. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 46.93 and a beta of 0.74. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.99.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The business had revenue of $82.04 million for the quarter, compared to analyst estimates of $80.30 million. As a group, research analysts forecast 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. Shareholders of record on Wednesday, September 10th will be paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.3%. The ex-dividend date is Wednesday, September 10th. TFS Financial's payout ratio is presently 389.66%.

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.