Cramer Rosenthal Mcglynn LLC Raises Position in TFS Financial Co. (NASDAQ:TFSL)

Cramer Rosenthal Mcglynn LLC boosted its holdings in TFS Financial Co. (NASDAQ:TFSL) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,304,667 shares of the bank’s stock after purchasing an additional 61,231 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in TFS Financial were worth $16,387,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TFSL. Norges Bank purchased a new stake in shares of TFS Financial during the fourth quarter valued at approximately $4,689,000. Sage Investment Counsel LLC bought a new stake in TFS Financial during the 4th quarter valued at $1,355,000. Vanguard Group Inc. boosted its position in TFS Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock valued at $66,324,000 after buying an additional 76,919 shares during the period. Kestra Investment Management LLC grew its holdings in TFS Financial by 56.0% in the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank’s stock worth $2,580,000 after acquiring an additional 73,719 shares during the last quarter. Finally, Maridea Wealth Management LLC bought a new position in shares of TFS Financial during the fourth quarter valued at about $483,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Stock Performance

TFS Financial stock opened at $12.23 on Friday. TFS Financial Co. has a 1-year low of $11.29 and a 1-year high of $15.00. The firm has a market cap of $3.43 billion, a P/E ratio of 43.68 and a beta of 0.62. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The firm has a 50-day moving average of $12.56 and a 200-day moving average of $12.95.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. Sell-side analysts expect that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.2825 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.24%. TFS Financial’s dividend payout ratio is 403.57%.

Insider Activity

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $13.72, for a total value of $274,400.00. Following the completion of the sale, the insider now directly owns 88,197 shares in the company, valued at $1,210,062.84. This trade represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc A. Stefanski sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $13.12, for a total value of $459,200.00. Following the transaction, the chief executive officer now owns 101,784 shares in the company, valued at $1,335,406.08. This trade represents a 25.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,055 shares of company stock valued at $1,550,540. Corporate insiders own 0.95% of the company’s stock.

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.