13,126 Shares in TFS Financial Co. (NASDAQ:TFSL) Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. acquired a new stake in shares of TFS Financial Co. (NASDAQ:TFSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,126 shares of the bank’s stock, valued at approximately $193,000.

A number of other large investors also recently bought and sold shares of the company. Quent Capital LLC raised its stake in TFS Financial by 228.8% during the fourth quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock worth $30,000 after acquiring an additional 1,430 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of TFS Financial in the 3rd quarter worth approximately $119,000. Vestmark Advisory Solutions Inc. bought a new position in TFS Financial during the 3rd quarter worth $132,000. Oppenheimer Asset Management Inc. acquired a new stake in TFS Financial in the third quarter worth $134,000. Finally, Nisa Investment Advisors LLC acquired a new stake in TFS Financial in the fourth quarter worth $147,000. Institutional investors own 9.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler started coverage on shares of TFS Financial in a research report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price target for the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $14.00 target price (down previously from $15.00) on shares of TFS Financial in a research report on Thursday, May 2nd.

Insider Activity at TFS Financial

In other TFS Financial news, insider Gavin B. Stefanski sold 3,449 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.74, for a total value of $43,940.26. Following the completion of the sale, the insider now directly owns 43,271 shares in the company, valued at $551,272.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TFS Financial news, insider Gavin B. Stefanski sold 3,449 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.74, for a total value of $43,940.26. Following the sale, the insider now directly owns 43,271 shares in the company, valued at $551,272.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barbara J. Anderson sold 13,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $13.14, for a total transaction of $176,076.00. Following the completion of the sale, the director now directly owns 1,700 shares of the company’s stock, valued at $22,338. The disclosure for this sale can be found here. Insiders have sold 33,618 shares of company stock worth $435,459 over the last quarter. 1.13% of the stock is currently owned by company insiders.

TFS Financial Stock Up 0.2 %

Shares of TFS Financial stock opened at $12.96 on Thursday. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. TFS Financial Co. has a 1-year low of $10.97 and a 1-year high of $15.25. The business’s fifty day moving average price is $12.44 and its two-hundred day moving average price is $13.12. The company has a market capitalization of $3.64 billion, a P/E ratio of 48.00 and a beta of 0.65.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $71.24 million. TFS Financial had a net margin of 11.08% and a return on equity of 4.15%.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.72%. The ex-dividend date was Wednesday, March 6th. 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.