Signaturefd LLC Increases Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

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Signaturefd LLC lifted its stake in TFS Financial Co. (NASDAQ:TFSLGet Rating) by 156.3% in the first quarter, Holdings Channel.com reports. The firm owned 6,026 shares of the bank’s stock after buying an additional 3,675 shares during the period. Signaturefd LLC’s holdings in TFS Financial were worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC purchased a new position in TFS Financial during the 4th quarter valued at $37,000. Qube Research & Technologies Ltd raised its position in TFS Financial by 116.9% during the 4th quarter. Qube Research & Technologies Ltd now owns 110,057 shares of the bank’s stock valued at $1,967,000 after purchasing an additional 59,319 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TFS Financial by 27.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,953 shares of the bank’s stock valued at $142,000 after purchasing an additional 1,695 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in TFS Financial by 3.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 662,592 shares of the bank’s stock valued at $11,841,000 after purchasing an additional 20,996 shares in the last quarter. Finally, Raymond James & Associates raised its position in TFS Financial by 11.2% during the 4th quarter. Raymond James & Associates now owns 11,827 shares of the bank’s stock valued at $211,000 after purchasing an additional 1,190 shares in the last quarter. Hedge funds and other institutional investors own 8.82% of the company’s stock.

Insider Buying and Selling at TFS Financial

In other news, Director Martin J. Cohen purchased 5,000 shares of the company’s stock in a transaction on Friday, May 6th. The shares were acquired at an average price of $14.01 per share, for a total transaction of $70,050.00. Following the purchase, the director now owns 84,289 shares in the company, valued at $1,180,888.89. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.34% of the company’s stock.

TFS Financial Trading Down 0.7 %

TFSL opened at $14.03 on Wednesday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 58.46 and a beta of 0.48. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. TFS Financial Co. has a 12 month low of $12.81 and a 12 month high of $20.50. The stock has a fifty day moving average price of $13.99 and a 200-day moving average price of $15.58.

TFS Financial (NASDAQ:TFSLGet Rating) last released its quarterly earnings results on Thursday, April 28th. The bank reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. TFS Financial had a return on equity of 3.75% and a net margin of 15.97%. The firm had revenue of $68.33 million during the quarter, compared to analyst estimates of $66.10 million. As a group, equities research analysts anticipate that TFS Financial Co. will post 0.24 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th were paid a dividend of $0.2825 per share. The ex-dividend date was Monday, June 6th. This represents a $1.13 annualized dividend and a yield of 8.05%. TFS Financial’s payout ratio is presently 470.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered TFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd.

About TFS Financial

(Get Rating)

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.

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