38,479 Shares in TFS Financial Co. (NASDAQ:TFSL) Acquired by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new position in shares of TFS Financial Co. (NASDAQ:TFSL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 38,479 shares of the bank’s stock, valued at approximately $483,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in TFS Financial by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock valued at $66,324,000 after purchasing an additional 76,919 shares in the last quarter. Geode Capital Management LLC boosted its stake in TFS Financial by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock valued at $13,907,000 after buying an additional 22,777 shares in the last quarter. Norges Bank bought a new stake in TFS Financial in the fourth quarter valued at $4,689,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of TFS Financial by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,015 shares of the bank’s stock valued at $4,019,000 after acquiring an additional 3,277 shares during the period. Finally, Kestra Investment Management LLC boosted its stake in shares of TFS Financial by 56.0% in the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank’s stock valued at $2,580,000 after purchasing an additional 73,719 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Trading Down 1.0 %

Shares of TFS Financial stock opened at $12.28 on Friday. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.00. The stock has a market capitalization of $3.45 billion, a P/E ratio of 43.86 and a beta of 0.77. The company has a 50-day simple moving average of $12.91 and a 200 day simple moving average of $13.07. 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 (NASDAQ:TFSL) last posted its 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 4.28%. Research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.2825 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.20%. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Insider Activity at TFS Financial

In other news, Director Anthony J. Asher sold 13,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $12.15, for a total transaction of $164,025.00. Following the transaction, the director now directly owns 59,607 shares in the company, valued at approximately $724,225.05. This represents a 18.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc A. Stefanski sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total transaction of $288,860.00. Following the completion of the sale, the chief executive officer now directly owns 171,784 shares of the company’s stock, valued at approximately $2,255,523.92. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,055 shares of company stock valued at $1,550,540 over the last ninety days. 0.95% of the stock is owned by insiders.

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.