Prasad Wealth Partners LLC Buys New Stake in TFS Financial Corporation $TFSL

Prasad Wealth Partners LLC bought a new stake in shares of TFS Financial Corporation (NASDAQ:TFSL) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,758 shares of the bank’s stock, valued at approximately $139,000.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in TFS Financial during the second quarter valued at $25,000. Summit Securities Group LLC purchased a new position in TFS Financial during the first quarter valued at $29,000. Quarry LP grew its stake in TFS Financial by 260.1% during the first quarter. Quarry LP now owns 3,993 shares of the bank’s stock valued at $49,000 after acquiring an additional 2,884 shares in the last quarter. GAMMA Investing LLC grew its stake in TFS Financial by 935.0% during the first quarter. GAMMA Investing LLC now owns 6,914 shares of the bank’s stock valued at $86,000 after acquiring an additional 6,246 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in TFS Financial by 194.4% during the first quarter. AlphaQuest LLC now owns 7,921 shares of the bank’s stock valued at $98,000 after acquiring an additional 5,230 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TFS Financial in a research note on Saturday, September 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, TFS Financial currently has a consensus rating of “Hold” and a consensus target price of $15.00.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL opened at $13.65 on Tuesday. TFS Financial Corporation has a 52 week low of $11.29 and a 52 week high of $14.99. The stock has a market capitalization of $3.83 billion, a P/E ratio of 47.07 and a beta of 0.73. The firm has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $13.01. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.59.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $80.30 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. On average, analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Wednesday, September 10th. TFS Financial’s dividend payout ratio (DPR) is 389.66%.

Insider Transactions at TFS Financial

In other news, CFO Meredith S. Weil sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $13.70, for a total value of $205,500.00. Following the completion of the sale, the chief financial officer owned 63,527 shares in the company, valued at approximately $870,319.90. This trade represents a 19.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc A. Stefanski sold 7,200 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $14.17, for a total transaction of $102,024.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,100 shares of company stock worth $516,267. 0.95% of the stock is currently owned by insiders.

TFS Financial Profile

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.