36,845 Shares in TFS Financial Corporation $TFSL Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. acquired a new position in TFS Financial Corporation (NASDAQ:TFSL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,845 shares of the bank’s stock, valued at approximately $653,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of TFS Financial in the 4th quarter valued at about $28,000. Comerica Bank raised its position in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of TFS Financial in the second quarter worth approximately $44,000. EverSource Wealth Advisors LLC lifted its stake in shares of TFS Financial by 45.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares during the period. Finally, Danske Bank A S bought a new stake in TFS Financial in the third quarter valued at approximately $47,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TFS Financial

In related news, Director Daniel F. Weir purchased 7,000 shares of TFS Financial stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $15.85 per share, for a total transaction of $110,950.00. Following the completion of the acquisition, the director owned 49,943 shares of the company’s stock, valued at $791,596.55. This trade represents a 16.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gavin B. Stefanski sold 6,500 shares of TFS Financial stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total transaction of $119,275.00. Following the completion of the sale, the insider directly owned 19,266 shares of the company’s stock, valued at approximately $353,531.10. This trade represents a 25.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,921 shares of company stock worth $257,094 in the last quarter. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

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

TFS Financial Trading Up 1.1%

NASDAQ TFSL opened at $17.50 on Friday. The business has a 50 day simple moving average of $17.63 and a 200 day simple moving average of $15.79. TFS Financial Corporation has a one year low of $12.53 and a one year high of $19.49. The stock has a market capitalization of $4.91 billion, a P/E ratio of 48.61 and a beta of 0.70. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66.

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

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a dividend yield of 6.5%. TFS Financial’s payout ratio is currently 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.