Alaska Permanent Fund Corp Has $2.63 Million Holdings in TFS Financial Co. (NASDAQ:TFSL)

Alaska Permanent Fund Corp lowered its stake in TFS Financial Co. (NASDAQ:TFSL) by 34.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 178,746 shares of the bank’s stock after selling 92,949 shares during the quarter. Alaska Permanent Fund Corp’s holdings in TFS Financial were worth $2,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in shares of TFS Financial in the fourth quarter worth about $147,000. Quent Capital LLC lifted its position in shares of TFS Financial by 228.8% during the 4th quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock worth $30,000 after purchasing an additional 1,430 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of TFS Financial during the 4th quarter worth about $220,000. Cedar Brook Financial Partners LLC lifted its position in shares of TFS Financial by 7.7% during the 4th quarter. Cedar Brook Financial Partners LLC now owns 72,329 shares of the bank’s stock worth $1,005,000 after purchasing an additional 5,158 shares during the last quarter. Finally, Arden Trust Co lifted its position in shares of TFS Financial by 67.4% during the 4th quarter. Arden Trust Co now owns 84,174 shares of the bank’s stock worth $1,237,000 after purchasing an additional 33,897 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler started coverage on TFS Financial in a research report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price objective for the company.

Insider Activity

In other news, Director Daniel F. Weir sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total value of $135,450.00. Following the sale, the director now directly owns 14,305 shares in the company, valued at approximately $184,534.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Daniel F. Weir sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total transaction of $135,450.00. Following the sale, the director now directly owns 14,305 shares in the company, valued at approximately $184,534.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gavin B. Stefanski sold 3,449 shares of the 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 sale, the insider now owns 43,271 shares in the company, valued at $551,272.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,218 shares of company stock worth $259,383. Company insiders own 1.13% of the company’s stock.

TFS Financial Stock Performance

Shares of NASDAQ TFSL traded down $0.18 during trading hours on Thursday, hitting $12.13. 31,740 shares of the company’s stock were exchanged, compared to its average volume of 282,370. The company’s 50-day moving average price is $12.53 and its 200-day moving average price is $13.04. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 47.35 and a beta of 0.64. TFS Financial Co. has a 1-year low of $10.97 and a 1-year high of $15.25.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported $0.07 EPS for the quarter. The firm had revenue of $75.41 million during the quarter. TFS Financial had a return on equity of 3.93% and a net margin of 10.97%.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.32%. TFS Financial’s dividend payout ratio is currently 434.63%.

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.