The State Board of Administration of Florida Retirement System lifted its holdings of TFS Financial Co. stock (NASDAQ: TFSL – Get a rating) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund held 146,305 shares of the bank after acquiring 6,929 additional shares during the quarter. The Florida Retirement System State Board of Directors held 0.05% of TFS Financial worth $2,429,000 at the time of its last filing with the SEC.
A number of other hedge funds and other institutional investors also changed their holdings of TFSL. CWM LLC acquired a new position in TFS Financial in the fourth quarter worth approximately $37,000. Lindbrook Capital LLC increased its position in TFS Financial shares by 1,092.2% during the first quarter. Lindbrook Capital LLC now owns 2,897 shares of the bank worth $48,000 after purchasing an additional 2,654 shares during the period. Parallel Advisors LLC increased its position in TFS Financial shares by 43.6% during the first quarter. Parallel Advisors LLC now owns 5,342 shares of the bank worth $90,000 after purchasing an additional 1,621 shares during the period. McIlrath & Eck LLC increased its position in TFS Financial by 53.0% in the fourth quarter. McIlrath & Eck LLC now owns 5,476 shares of the bank worth $98,000 after purchasing an additional 1,896 shares during the period. Finally, Signaturefd LLC increased its position in TFS Financial by 156.3% in the first quarter. Signaturefd LLC now owns 6,026 shares of the bank worth $100,000 after purchasing an additional 3,675 shares during the period. 8.82% of the shares are held by hedge funds and other institutional investors.
Financial price performance of TFS
NASDAQ TFSL opened at $15.44 on Friday. The stock has a market capitalization of $4.34 billion, a P/E ratio of 64.34 and a beta of 0.49. TFS Financial Co. has a 1-year minimum of $12.81 and a 1-year maximum of $20.50. The company’s fifty-day moving average is $14.03 and its two-hundred-day moving average is $15.31. The company has a debt ratio of 2.34, a quick ratio of 1.49 and a current ratio of 1.55.
Financial TSF (NASDAQ: TFSL – Get a rating) last released its quarterly results on Thursday, July 28. The bank reported earnings per share (EPS) of $0.06 for the quarter, beating the consensus estimate of $0.05 by $0.01. TFS Financial had a return on equity of 3.73% and a net margin of 16.11%. The company posted revenue of $76.98 million for the quarter, compared to analysts’ expectations of $71.00 million. On average, research analysts expect TFS Financial Co. to post earnings per share of 0.26 for the current fiscal year.
TFS Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 21. Shareholders of record on Tuesday, June 7 received a dividend of $0.2825 per share. This represents an annualized dividend of $1.13 and a yield of 7.32%. The ex-dividend date was Monday, June 6. TFS Financial’s dividend payout ratio (DPR) is currently 470.85%.
Changes to analyst ratings
Separately, StockNews.com upgraded TFS Financial from a “sell” to a “hold” rating in a Saturday, July 30 report.
Financial profile of TSF
TFS Financial Corporation, through its subsidiaries, provides retail banking services in the United States. Its deposit products include savings, money market, chequing, individual retirement and other eligible plan accounts, and certificates of deposit. The Company also offers residential real estate mortgages, home construction loans, home equity loans and lines of credit, as well as purchase mortgages and senior mortgage refinancing loans.
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