Versor Investments LP Has $449,000 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 TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 115.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,200 shares of the bank's stock after purchasing an additional 19,400 shares during the period. Versor Investments LP's holdings in TFS Financial were worth $449,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC acquired a new position in TFS Financial in the first quarter worth about $29,000. Aquatic Capital Management LLC bought a new position in shares of TFS Financial in the 4th quarter worth about $43,000. Ancora Advisors LLC lifted its position in shares of TFS Financial by 128.8% in the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank's stock worth $45,000 after buying an additional 2,000 shares during the last quarter. Deutsche Bank AG bought a new position in shares of TFS Financial in the 4th quarter worth about $47,000. Finally, Russell Investments Group Ltd. lifted its position in shares of TFS Financial by 78.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank's stock worth $52,000 after buying an additional 1,811 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TFS Financial news, Director Anthony J. Asher acquired 37,675 shares of the stock in a transaction dated Thursday, August 21st. The shares were bought at an average price of $13.26 per share, with a total value of $499,570.50. Following the purchase, the director directly owned 37,675 shares of the company's stock, valued at approximately $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 available 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 stock was sold at an average price of $13.05, for a total transaction of $156,600.00. Following the completion of the transaction, the director directly owned 2,100 shares in the company, valued at $27,405. This represents a 85.11% decrease in their position. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.

TFS Financial Stock Performance

Shares of TFS Financial stock traded up $0.1450 during trading hours on Monday, reaching $13.8950. The company's stock had a trading volume of 298,748 shares, compared to its average volume of 329,722. The company's 50 day simple moving average is $12.98 and its 200 day simple moving average is $12.89. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.99. The stock has a market cap of $3.90 billion, a P/E ratio of 47.92 and a beta of 0.75.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.08 earnings per share (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 company had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.30 million. As a group, analysts expect that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.13 annualized dividend and a yield of 8.1%. TFS Financial's dividend payout ratio (DPR) is presently 389.66%.

TFS Financial 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.