Sequoia Financial Advisors LLC Has $388,000 Stake in TFS Financial Co. (NASDAQ:TFSL)

Sequoia Financial Advisors LLC boosted its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 196.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,137 shares of the bank’s stock after buying an additional 19,954 shares during the period. Sequoia Financial Advisors LLC’s holdings in TFS Financial were worth $388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in TFS Financial by 585.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,715 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of TFS Financial by 106.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock valued at $28,000 after purchasing an additional 965 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of TFS Financial by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock worth $29,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of TFS Financial during the 1st quarter worth approximately $44,000. Finally, EntryPoint Capital LLC bought a new position in shares of TFS Financial during the 1st quarter worth approximately $113,000. Institutional investors own 9.81% of the company’s stock.

Insider Activity at TFS Financial

In other news, CFO Meredith S. Weil sold 6,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total transaction of $85,085.00. Following the sale, the chief financial officer now owns 91,216 shares in the company, valued at approximately $1,194,017.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Meredith S. Weil sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the sale, the chief financial officer now directly owns 91,216 shares of the company’s stock, valued at $1,194,017.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc A. Stefanski sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the completion of the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at approximately $476,263. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,500 shares of company stock valued at $546,605 in the last three months. Corporate insiders own 1.13% of the company’s stock.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL opened at $12.75 on Monday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. The business’s fifty day moving average price is $13.04 and its two-hundred day moving average price is $12.90. TFS Financial Co. has a fifty-two week low of $11.05 and a fifty-two week high of $15.25. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 47.22 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $191.15 million during the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 4.25%.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.13 dividend on an annualized basis and a yield of 8.86%. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

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.