Olympiad Research LP Invests $167,000 in TFS Financial Co. (NASDAQ:TFSL)

Olympiad Research LP purchased a new position in shares of TFS Financial Co. (NASDAQ:TFSL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,259 shares of the bank’s stock, valued at approximately $167,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TFSL. Creative Planning grew its holdings in shares of TFS Financial by 13.9% during the third quarter. Creative Planning now owns 43,818 shares of the bank’s stock worth $564,000 after buying an additional 5,350 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of TFS Financial by 44.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after acquiring an additional 976 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of TFS Financial by 196.0% in the third quarter. Sequoia Financial Advisors LLC now owns 30,137 shares of the bank’s stock worth $388,000 after acquiring an additional 19,954 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of TFS Financial by 125.0% in the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock worth $162,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its position in shares of TFS Financial by 56.5% in the third quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank’s stock worth $284,000 after acquiring an additional 7,984 shares during the last quarter. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TFS Financial

In other news, insider Cathy W. Zbanek sold 20,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the transaction, the insider now directly owns 88,197 shares of the company’s stock, valued at approximately $1,210,062.84. The trade was a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

TFS Financial Trading Down 0.7 %

Shares of TFSL stock opened at $13.32 on Monday. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 47.57 and a beta of 0.72. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a fifty-two week low of $11.70 and a fifty-two week high of $14.99. The firm’s 50 day moving average price is $12.94 and its two-hundred day moving average price is $13.18.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share 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 4.28%. On average, analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.2825 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 8.48%. TFS Financial’s dividend payout ratio (DPR) is 403.57%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued 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 Company 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.