Maridea Wealth Management LLC Acquires New Shares in TFS Financial Corporation $TFSL

Maridea Wealth Management LLC bought a new stake in shares of TFS Financial Corporation (NASDAQ:TFSL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 41,425 shares of the bank’s stock, valued at approximately $734,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gator Capital Management LLC purchased a new position in shares of TFS Financial in the fourth quarter worth $6,290,000. Norges Bank bought a new position in shares of TFS Financial during the fourth quarter valued at $5,248,000. State Street Corp boosted its position in shares of TFS Financial by 24.6% during the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after buying an additional 387,992 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of TFS Financial by 23.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after buying an additional 352,093 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in TFS Financial by 27.1% in the 1st quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock worth $14,181,000 after buying an additional 215,491 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

Insider Transactions at TFS Financial

In other news, insider Gavin B. Stefanski sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 in the company, valued at $353,531.10. This represents a 25.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel F. Weir acquired 7,000 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $15.85 per share, for a total transaction of $110,950.00. Following the purchase, the director directly owned 49,943 shares in the company, valued at approximately $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 24,921 shares of company stock valued at $409,694. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

TFSL has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. 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, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.00.

TFS Financial Price Performance

NASDAQ TFSL opened at $17.64 on Friday. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 49.00 and a beta of 0.70. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $19.49. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.58. The business’s fifty day moving average price is $17.57 and its 200-day moving average price is $15.69.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $89.27 million during the quarter, compared to analyst estimates of $87.05 million. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%. On average, equities analysts predict that TFS Financial Corporation will post 0.36 earnings per share for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Wednesday, June 10th. TFS Financial’s dividend payout ratio (DPR) is presently 313.89%.

About TFS Financial

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.