AXQ Capital LP Acquires Shares of 11,044 TFS Financial Co. (NASDAQ:TFSL)

AXQ Capital LP purchased a new stake in shares of TFS Financial Co. (NASDAQ:TFSL) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,044 shares of the bank’s stock, valued at approximately $139,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in TFS Financial by 34.5% during the 3rd quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after purchasing an additional 41,930 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of TFS Financial during the third quarter valued at $310,000. BNP Paribas Financial Markets increased its holdings in TFS Financial by 814.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after buying an additional 7,499 shares in the last quarter. Kestra Investment Management LLC purchased a new position in TFS Financial in the 3rd quarter worth about $1,693,000. Finally, Paloma Partners Management Co bought a new position in TFS Financial during the 3rd quarter valued at about $252,000. Institutional investors own 9.81% of the company’s stock.

Insider Buying and Selling at TFS Financial

In other news, insider Cathy W. Zbanek sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the completion of the sale, the insider now owns 88,197 shares of the company’s stock, valued at $1,210,062.84. This represents a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel F. Weir sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total transaction of $131,100.00. Following the completion of the transaction, the director now directly owns 18,841 shares in the company, valued at approximately $247,005.51. The trade was a 34.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is owned by company insiders.

TFS Financial Stock Performance

Shares of TFSL stock opened at $12.43 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The company has a 50 day moving average price of $12.93 and a 200-day moving average price of $13.09. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $15.00. The firm has a market capitalization of $3.49 billion, a PE ratio of 44.39 and a beta of 0.77.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. As a group, equities research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date was Thursday, March 6th. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

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.