Quent Capital LLC Increases Stock Position in TFS Financial Co. (NASDAQ:TFSL)

Quent Capital LLC raised its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 68.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,700 shares of the bank’s stock after buying an additional 1,497 shares during the period. Quent Capital LLC’s holdings in TFS Financial were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TFSL. Kestra Investment Management LLC purchased a new stake in shares of TFS Financial in the 3rd quarter worth about $1,693,000. Atom Investors LP purchased a new stake in shares of TFS Financial in the 3rd quarter worth about $940,000. Readystate Asset Management LP purchased a new stake in shares of TFS Financial in the 3rd quarter worth about $866,000. Quest Partners LLC purchased a new stake in shares of TFS Financial in the 3rd quarter worth about $668,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of TFS Financial in the 3rd quarter worth about $619,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Wall Street Analyst Weigh In

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

TFS Financial Trading Up 2.4 %

Shares of NASDAQ TFSL opened at $13.76 on Friday. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $14.99. The stock has a market cap of $3.86 billion, a P/E ratio of 49.14 and a beta of 0.72. The firm has a 50-day moving average of $12.93 and a 200 day moving average of $13.17. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. As a group, sell-side analysts expect that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.13 dividend on an annualized basis and a yield of 8.21%. TFS Financial’s dividend payout ratio (DPR) is currently 403.57%.

Insider Activity at TFS Financial

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 transaction of $274,400.00. Following the completion of the sale, the insider now directly owns 88,197 shares in the company, valued at approximately $1,210,062.84. This trade represents a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

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.