TFS Financial Corporation $TFSL Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in TFS Financial Corporation (NASDAQ:TFSL) by 50.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 674,075 shares of the bank’s stock after buying an additional 225,361 shares during the quarter. Squarepoint Ops LLC owned approximately 0.24% of TFS Financial worth $11,945,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TFSL. Corient Private Wealth LP grew its position in TFS Financial by 4.1% in the 2nd quarter. Corient Private Wealth LP now owns 109,494 shares of the bank’s stock valued at $1,940,000 after acquiring an additional 4,350 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of TFS Financial by 1,618.0% during the second quarter. California State Teachers Retirement System now owns 936,449 shares of the bank’s stock worth $16,594,000 after purchasing an additional 881,940 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of TFS Financial during the second quarter worth about $35,000. Archer Investment Corp purchased a new position in shares of TFS Financial in the second quarter valued at approximately $119,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of TFS Financial in the second quarter valued at approximately $264,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Gavin Stefanski sold 6,500 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $18.35, for a total value of $119,275.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

TFS Financial Stock Down 2.0%

TFSL stock opened at $17.04 on Thursday. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $19.49. The company’s 50 day moving average price is $17.80 and its 200 day moving average price is $16.06. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 47.33 and a beta of 0.69.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping 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 company had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. On average, equities research analysts anticipate that TFS Financial Corporation will post 0.36 EPS for the current fiscal year.

TFS Financial Increases Dividend

The company 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 is Wednesday, September 9th. This is an increase from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.5%. TFS Financial’s payout ratio is presently 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.