Cubist Systematic Strategies LLC Boosts Stake in TFS Financial Co. (NASDAQ:TFSL)

Cubist Systematic Strategies LLC boosted its stake in TFS Financial Co. (NASDAQ:TFSL) by 17.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,696 shares of the bank’s stock after buying an additional 6,161 shares during the quarter. Cubist […]

Cubist Systematic Strategies LLC boosted its stake in TFS Financial Co. (NASDAQ:TFSL) by 17.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,696 shares of the bank’s stock after buying an additional 6,161 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in TFS Financial were worth $597,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Point72 Hong Kong Ltd lifted its stake in TFS Financial by 139.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,162 shares of the bank’s stock valued at $31,000 after buying an additional 1,260 shares in the last quarter. Enterprise Financial Services Corp lifted its stake in shares of TFS Financial by 45.6% during the 1st quarter. Enterprise Financial Services Corp now owns 3,034 shares of the bank’s stock worth $46,000 after purchasing an additional 950 shares during the period. US Bancorp DE lifted its stake in shares of TFS Financial by 38.2% during the 1st quarter. US Bancorp DE now owns 5,631 shares of the bank’s stock worth $87,000 after purchasing an additional 1,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TFS Financial by 82.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,675 shares of the bank’s stock worth $87,000 after purchasing an additional 2,559 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of TFS Financial by 131.4% during the 2nd quarter. Bank of Montreal Can now owns 5,759 shares of the bank’s stock worth $77,000 after purchasing an additional 3,270 shares during the period. 10.54% of the stock is currently owned by hedge funds and other institutional investors.

TFSL has been the topic of a number of recent analyst reports. BidaskClub raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Zacks Investment Research raised TFS Financial from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, August 5th.

Shares of TFSL opened at $14.39 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $4.03 billion, a P/E ratio of 43.61 and a beta of 0.41. The stock’s fifty day simple moving average is $15.00 and its 200 day simple moving average is $14.87. TFS Financial Co. has a twelve month low of $12.65 and a twelve month high of $22.47.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, July 30th. The bank reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $78.20 million for the quarter, compared to analyst estimates of $73.00 million. TFS Financial had a return on equity of 5.42% and a net margin of 17.76%. Sell-side analysts predict that TFS Financial Co. will post 0.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.78%. The ex-dividend date was Tuesday, September 8th. TFS Financial’s dividend payout ratio (DPR) is currently 400.00%.

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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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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