McIlrath & Eck LLC purchased a new stake in shares of TFS Financial Co. (NASDAQ:TFSL) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 3,245 shares of the bank’s stock, valued at approximately $58,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Wealth Partners Ltd. increased its stake in TFS Financial by 2,727.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 1,555 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,500 shares during the period. Meeder Asset Management Inc. bought a new position in TFS Financial during the second quarter valued at about $33,000. JPMorgan Chase & Co. increased its stake in TFS Financial by 26.9% during the second quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock valued at $74,000 after acquiring an additional 879 shares during the period. Atria Investments LLC bought a new position in TFS Financial during the second quarter valued at about $209,000. Finally, BNP Paribas Arbitrage SA increased its stake in TFS Financial by 26.3% during the second quarter. BNP Paribas Arbitrage SA now owns 6,809 shares of the bank’s stock valued at $123,000 after acquiring an additional 1,417 shares during the period. Hedge funds and other institutional investors own 14.33% of the company’s stock.
Shares of TFSL stock traded up $0.05 during trading hours on Friday, hitting $19.70. The company had a trading volume of 90,700 shares, compared to its average volume of 170,315. The firm’s fifty day moving average is $18.55 and its 200 day moving average is $17.85. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 70.36 and a beta of 0.18. TFS Financial Co. has a 12 month low of $15.01 and a 12 month high of $19.77.
TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.64% and a net margin of 15.97%. The company had revenue of $70.13 million for the quarter.
In related news, Chairman Marc A. Stefanski sold 13,222 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.00, for a total value of $237,996.00. Following the completion of the sale, the chairman now owns 229,400 shares in the company, valued at approximately $4,129,200. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.78% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on the company. BidaskClub upgraded TFS Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. ValuEngine lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.
About TFS Financial
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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.
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