Bank of America Corp DE Grows Holdings in TFS Financial Co. (NASDAQ:TFSL)

Bank of America Corp DE boosted its position in TFS Financial Co. (NASDAQ:TFSL) by 39.7% in the fourth quarter, HoldingsChannel reports. The firm owned 501,096 shares of the bank’s stock after buying an additional 142,291 shares during the quarter. Bank of America Corp DE’s holdings in TFS Financial were worth $6,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in shares of TFS Financial in the fourth quarter valued at approximately $43,000. Ancora Advisors LLC lifted its holdings in TFS Financial by 128.8% during the fourth quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock worth $45,000 after acquiring an additional 2,000 shares during the period. Quent Capital LLC boosted its position in TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after purchasing an additional 1,497 shares during the last quarter. Russell Investments Group Ltd. grew its stake in TFS Financial by 78.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,811 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of TFS Financial during the 4th quarter valued at $126,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Insider Buying and Selling at TFS Financial

In related news, CEO Marc A. Stefanski sold 22,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total value of $288,860.00. Following the sale, the chief executive officer now directly owns 171,784 shares in the company, valued at approximately $2,255,523.92. The trade was a 11.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Meredith S. Weil sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $13.48, for a total transaction of $202,200.00. Following the sale, the chief financial officer now directly owns 78,527 shares in the company, valued at approximately $1,058,543.96. This trade represents a 16.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,067 shares of company stock valued at $2,404,606. Company insiders own 0.95% of the company’s stock.

TFS Financial Trading Up 0.2%

NASDAQ TFSL opened at $13.16 on Tuesday. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 47.00 and a beta of 0.78. The business’s fifty day moving average is $12.67 and its 200-day moving average is $12.99. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial Co. has a one year low of $11.29 and a one year high of $15.00.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $79.12 million for the quarter, compared to analysts’ expectations of $69.42 million. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. Equities research analysts predict that TFS Financial Co. will post 0.29 EPS for the current year.

About TFS Financial

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.