Sage Investment Counsel LLC Buys New Holdings in TFS Financial Co. (NASDAQ:TFSL)

Sage Investment Counsel LLC bought a new stake in shares of TFS Financial Co. (NASDAQ:TFSL) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 107,860 shares of the bank’s stock, valued at approximately $1,355,000. TFS Financial accounts for 1.8% of Sage Investment Counsel LLC’s holdings, making the stock its 9th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TFSL. Allspring Global Investments Holdings LLC raised its stake in TFS Financial by 44.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares during the period. Quent Capital LLC raised its stake in TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,497 shares during the period. BNP Paribas Financial Markets raised its stake in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,499 shares during the period. Nisa Investment Advisors LLC raised its stake in TFS Financial by 125.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock valued at $162,000 after purchasing an additional 7,000 shares during the period. Finally, Olympiad Research LP bought a new stake in TFS Financial during the 4th quarter valued at approximately $167,000. Institutional investors own 9.81% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler reissued a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a research note on Friday, November 22nd.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $13.19 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $15.00. The stock’s 50 day simple moving average is $12.96 and its two-hundred day simple moving average is $13.19. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 47.11 and a beta of 0.72.

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

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date is Thursday, March 6th. TFS Financial’s payout ratio is 403.57%.

Insiders Place Their Bets

In other news, CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total value of $288,860.00. Following the completion of the transaction, the chief executive officer now owns 171,784 shares in the company, valued at approximately $2,255,523.92. The trade was a 11.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel F. Weir sold 10,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total value of $131,100.00. Following the completion of the transaction, the director now owns 18,841 shares of the company’s stock, valued at approximately $247,005.51. This trade represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,000 shares of company stock valued at $694,360 in the last quarter. 0.95% of the stock is currently owned by 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.