TFS Financial Corporation $TFSL Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in TFS Financial Corporation (NASDAQ:TFSL) by 50.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 674,075 shares of the bank’s stock after acquiring an additional 225,361 shares during the period. Squarepoint Ops LLC’s holdings in TFS Financial were worth $11,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TFSL. BlackRock Inc. purchased a new stake in shares of TFS Financial during the 2nd quarter worth approximately $69,398,000. Dimensional Fund Advisors LP grew its position in shares of TFS Financial by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock valued at $43,324,000 after buying an additional 152,041 shares during the last quarter. Lakewood Capital Management LP purchased a new position in shares of TFS Financial in the 2nd quarter valued at $36,687,000. State Street Corp raised its stake in 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 acquiring an additional 387,992 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in TFS Financial during the 2nd quarter worth $33,176,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

Insider Activity at TFS Financial

In other news, insider Gavin Stefanski sold 6,500 shares of the stock in a transaction dated 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 owned 19,266 shares in the company, valued at approximately $353,531.10. This represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

TFS Financial Stock Performance

Shares of TFSL opened at $17.04 on Thursday. The company’s 50 day simple moving average is $17.80 and its 200-day simple moving average is $16.06. The firm has a market cap of $4.78 billion, a PE ratio of 47.33 and a beta of 0.69. TFS Financial Corporation has a 12-month low of $12.53 and a 12-month high of $19.49. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. As a group, equities analysts predict that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be issued a $0.3175 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.5%. TFS Financial’s dividend payout ratio is currently 313.89%.

Wall Street Analysts Forecast Growth

TFSL has been the subject of a number of research reports. 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. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Piper Sandler lifted 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. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 target price (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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TFS Financial presently has an average rating of “Hold” and an average price target of $19.00.

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.