Corient Private Wealth LP Acquires New Position in TFS Financial Corporation $TFSL

Corient Private Wealth LP bought a new position in TFS Financial Corporation (NASDAQ:TFSL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 110,168 shares of the bank’s stock, valued at approximately $1,952,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in TFS Financial during the fourth quarter valued at approximately $28,000. Comerica Bank boosted its position in shares of TFS Financial by 263.8% in the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares during the period. Allworth Financial LP purchased a new stake in shares of TFS Financial in the second quarter worth $36,000. EverSource Wealth Advisors LLC increased its stake in shares of TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after purchasing an additional 841 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of TFS Financial during the 2nd quarter valued at $44,000. Institutional investors own 9.81% of the company’s stock.

Insiders Place Their Bets

In other TFS Financial news, insider Gavin B. Stefanski sold 6,500 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total transaction of $119,275.00. Following the completion of the transaction, the insider owned 19,266 shares of the company’s stock, valued at $353,531.10. This represents a 25.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Meredith S. Weil sold 4,316 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $16.80, for a total transaction of $72,508.80. Following the transaction, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at $646,464. This trade represents a 10.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,416 shares of company stock worth $202,584. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TFSL. Piper Sandler lifted their target price on shares of TFS Financial from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 price target (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Finally, Weiss Ratings raised TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.00.

TFS Financial Trading Up 0.5%

TFSL stock opened at $17.47 on Thursday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $19.49. The business has a 50 day simple moving average of $17.82 and a two-hundred day simple moving average of $15.97. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 48.53 and a beta of 0.69.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. The firm had revenue of $89.27 million for the quarter, compared to analysts’ expectations of $87.05 million. Research analysts anticipate that TFS Financial Corporation will post 0.36 EPS for the current fiscal year.

TFS Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be paid a dividend of $0.3175 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 annualized dividend and a yield of 7.3%. TFS Financial’s dividend payout ratio is 313.89%.

TFS Financial Profile

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.