Quantinno Capital Management LP Acquires 140,376 Shares of TFS Financial Corporation $TFSL

Quantinno Capital Management LP grew its holdings in TFS Financial Corporation (NASDAQ:TFSL) by 53.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,322 shares of the bank’s stock after purchasing an additional 140,376 shares during the quarter. Quantinno Capital Management LP owned about 0.14% of TFS Financial worth $5,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in TFS Financial by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock worth $43,324,000 after purchasing an additional 152,041 shares in the last quarter. State Street Corp boosted its holdings in shares of TFS Financial by 24.6% during the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after buying an additional 387,992 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TFS Financial by 23.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock worth $25,011,000 after buying an additional 352,093 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TFS Financial by 5.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock worth $13,197,000 after buying an additional 52,350 shares during the period. Finally, Bank of America Corp DE grew its position in shares of TFS Financial by 28.0% during the 3rd quarter. Bank of America Corp DE now owns 834,794 shares of the bank’s stock worth $10,998,000 after buying an additional 182,810 shares during the period. Institutional investors own 9.81% of the company’s stock.

Insider Transactions at TFS Financial

In other news, CFO Meredith S. Weil sold 4,316 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $16.80, for a total value of $72,508.80. Following the completion of the sale, the chief financial officer owned 38,480 shares in the company, valued at $646,464. This represents a 10.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel F. Weir purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $15.85 per share, for a total transaction of $110,950.00. Following the completion of the transaction, the director directly owned 49,943 shares of the company’s stock, valued at $791,596.55. This represents a 16.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 35,000 shares of company stock worth $529,200 and sold 32,177 shares worth $495,521. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

TFSL has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 target price (up from $16.00) on shares of TFS Financial in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Piper Sandler increased their price objective on shares of TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. 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, TFS Financial presently has a consensus rating of “Hold” and a consensus price target of $19.00.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $17.86 on Friday. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $19.49. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The business has a 50 day moving average price of $17.40 and a 200-day moving average price of $15.57. The company has a market cap of $5.01 billion, a PE ratio of 49.61 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. TFS Financial had a return on equity of 5.36% and a net margin of 12.36%.The company had revenue of $89.27 million for the quarter, compared to analysts’ expectations of $87.05 million. Equities analysts anticipate that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, June 10th. TFS Financial’s payout ratio is currently 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.