Vanguard Group Inc. Sells 79,399 Shares of TFS Financial Corporation $TFSL

Vanguard Group Inc. trimmed its stake in shares of TFS Financial Corporation (NASDAQ:TFSL) by 1.5% in the third quarter, Holdings Channel.com reports. The firm owned 5,098,428 shares of the bank’s stock after selling 79,399 shares during the quarter. Vanguard Group Inc.’s holdings in TFS Financial were worth $67,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in TFS Financial in the second quarter valued at approximately $5,220,000. Quantinno Capital Management LP increased its holdings in shares of TFS Financial by 114.4% during the second quarter. Quantinno Capital Management LP now owns 121,842 shares of the bank’s stock worth $1,578,000 after buying an additional 65,017 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of TFS Financial by 415.6% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 70,920 shares of the bank’s stock valued at $918,000 after acquiring an additional 57,166 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TFS Financial by 5.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock valued at $13,197,000 after acquiring an additional 52,350 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of TFS Financial by 124.6% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 87,736 shares of the bank’s stock valued at $1,136,000 after acquiring an additional 48,673 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

Insider Activity at TFS Financial

In related news, CEO Marc A. Stefanski sold 36,844 shares of TFS Financial stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $15.12, for a total value of $557,081.28. Following the transaction, the chief executive officer directly owned 71,997 shares of the company’s stock, valued at $1,088,594.64. The trade was a 33.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gavin B. Stefanski sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $14.97, for a total value of $104,790.00. Following the completion of the sale, the insider owned 25,766 shares in the company, valued at $385,717.02. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 85,600 shares of company stock valued at $1,268,802 over the last ninety days. Insiders own 0.72% of the company’s stock.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $13.90 on Friday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 43.44 and a beta of 0.72. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $15.42. The company’s fifty day moving average is $14.29 and its 200 day moving average is $13.87. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.60.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $83.73 million for the quarter, compared to the consensus estimate of $84.97 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.29%. Sell-side analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Wednesday, March 11th. TFS Financial’s dividend payout ratio (DPR) is 353.13%.

Analysts Set New Price Targets

TFSL has been the subject of a number of recent research reports. Piper Sandler assumed coverage on TFS Financial in a report on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price for the company. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research upgraded TFS Financial to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

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.