TFS Financial Corporation $TFSL Holdings Lifted by Lakewood Capital Management LP

Lakewood Capital Management LP increased its position in shares of TFS Financial Corporation (NASDAQ:TFSL) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,533,382 shares of the bank’s stock after acquiring an additional 420,000 shares during the period. TFS Financial makes up about 2.5% of Lakewood Capital Management LP’s investment portfolio, making the stock its 17th largest position. Lakewood Capital Management LP owned approximately 0.90% of TFS Financial worth $33,377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TFSL. AQR Capital Management LLC boosted its position in shares of TFS Financial by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock valued at $215,000 after purchasing an additional 2,790 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of TFS Financial by 64.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock worth $1,139,000 after purchasing an additional 36,004 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of TFS Financial by 14.7% in the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock worth $299,000 after purchasing an additional 3,102 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in TFS Financial by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock valued at $2,537,000 after purchasing an additional 26,949 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in TFS Financial during the first quarter valued at approximately $159,000. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Stock Performance

Shares of TFSL opened at $13.51 on Friday. The company has a 50-day moving average of $14.30 and a two-hundred day moving average of $13.88. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 42.22 and a beta of 0.72. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.55 and a quick ratio of 1.55. TFS Financial Corporation has a one year low of $11.29 and a one year high of $15.42.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. The firm had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $84.97 million. On average, equities research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, March 11th. TFS Financial’s payout ratio is 353.13%.

Insider Buying and Selling

In other news, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $14.95, for a total value of $224,250.00. Following the completion of the sale, the chief financial officer owned 52,236 shares in the company, valued at $780,928.20. This represents a 22.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc A. Stefanski sold 36,844 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 71,997 shares of the company’s stock, valued at approximately $1,088,594.64. This trade represents a 33.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 78,000 shares of company stock valued at $1,164,986. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TFSL. Piper Sandler began coverage on shares of TFS Financial in a research report on Friday, January 16th. They issued a “neutral” rating and a $15.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Zacks Research raised TFS Financial to a “hold” rating in a research note on Monday, January 19th. Finally, Wall Street Zen cut TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.00.

TFS Financial Company 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.