Versor Investments LP Boosts Stock Position in TFS Financial Corporation $TFSL

Key Points

• Versor Investments LP increased its stake in TFS Financial Corporation by 115.5% in Q1, now owning 36,200 shares valued at $449,000.
• Other institutional investors, including Bank of America, also raised their holdings, with a notable 39.7% increase in the fourth quarter.
• TFS Financial declared a quarterly dividend of $0.2825 per share, reflecting an annualized yield of 8.5% with a significant payout ratio of 389.66%.

Versor Investments LP increased its position in shares of TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 115.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,200 shares of the bank's stock after purchasing an additional 19,400 shares during the quarter. Versor Investments LP's holdings in TFS Financial were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TFSL. Summit Securities Group LLC acquired a new stake in shares of TFS Financial during the first quarter worth about $29,000. Aquatic Capital Management LLC acquired a new stake in shares of TFS Financial during the fourth quarter worth about $43,000. Ancora Advisors LLC lifted its holdings in shares of TFS Financial by 128.8% during the fourth quarter. Ancora Advisors LLC now owns 3,553 shares of the bank's stock worth $45,000 after purchasing an additional 2,000 shares during the period. Deutsche Bank AG acquired a new stake in shares of TFS Financial during the fourth quarter worth about $47,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of TFS Financial by 78.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank's stock worth $52,000 after purchasing an additional 1,811 shares during the period. Institutional investors and hedge funds own 9.81% of the company's stock.

TFS Financial Stock Performance

Shares of TFS Financial stock traded up $0.15 on Tuesday, reaching $14.04. 465,818 shares of the stock were exchanged, compared to its average volume of 338,112. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.59. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $14.99. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 48.42 and a beta of 0.75. The business has a 50 day moving average price of $13.03 and a two-hundred day moving average price of $12.90.

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

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.0%. The ex-dividend date was Tuesday, June 10th. TFS Financial's dividend payout ratio (DPR) is currently 389.66%.

Insider Activity at TFS Financial

In related news, Director Anthony J. Asher purchased 37,675 shares of TFS Financial stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average cost of $13.26 per share, for a total transaction of $499,570.50. Following the completion of the transaction, the director owned 37,675 shares in the company, valued at $499,570.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Barbara J. Anderson sold 12,000 shares of TFS Financial stock in a transaction that occurred 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 transaction, the director owned 2,100 shares of the company's stock, 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. 0.95% of the stock is currently owned by company insiders.

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.