Beverly Hills Private Wealth LLC Invests $6.63 Million in TFS Financial Corporation $TFSL

Key Points

• Beverly Hills Private Wealth LLC acquired 374,186 shares of TFS Financial, valued at approximately $6.63 million, representing 1.3% of its portfolio and about 0.13% of TFSL’s outstanding stock. Institutional investors collectively own 9.81% of the company.
• TFS Financial exceeded quarterly earnings expectations, reporting $0.11 in EPS versus the $0.08 consensus and revenue of $89.27 million. The company also maintains a quarterly dividend of $0.2825, equivalent to a 6.4% annualized yield, though its payout ratio is elevated at 313.89%.
• Analysts maintain a generally neutral outlook, with an average rating of “Hold” and a consensus price target of $19.00. TFSL shares recently traded at $17.64, while insider activity included a director purchase and additional sales by company insiders.

Beverly Hills Private Wealth LLC acquired a new stake in TFS Financial Corporation (NASDAQ:TFSL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 374,186 shares of the bank's stock, valued at approximately $6,631,000. TFS Financial accounts for 1.3% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 22nd biggest holding. Beverly Hills Private Wealth LLC owned about 0.13% of TFS Financial at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in TFS Financial during the 2nd quarter worth approximately $33,176,000. Gator Capital Management LLC purchased a new stake in TFS Financial in the 4th quarter worth approximately $6,290,000. Norges Bank bought a new position in TFS Financial in the 4th quarter valued at $5,248,000. State Street Corp boosted its holdings in TFS Financial by 24.6% in the 4th quarter. State Street Corp now owns 1,966,004 shares of the bank's stock valued at $26,305,000 after purchasing an additional 387,992 shares during the period. Finally, Bank of America Corp DE grew its position in shares of TFS Financial by 27.1% during the 1st quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank's stock valued at $14,181,000 after purchasing an additional 215,491 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $17.64 on Monday. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $19.49. The firm has a market cap of $4.95 billion, a PE ratio of 49.00 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. The company has a 50 day simple moving average of $17.57 and a two-hundred day simple moving average of $15.70.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $89.27 million for the quarter, compared to analyst estimates of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. Analysts expect that TFS Financial Corporation will post 0.36 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.4%. TFS Financial's payout ratio is 313.89%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Daniel F. Weir bought 7,000 shares of TFS Financial stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $15.85 per share, with a total value of $110,950.00. Following the completion of the purchase, the director directly owned 49,943 shares in the company, valued at $791,596.55. The trade was a 16.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Meredith S. Weil sold 4,316 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $16.80, for a total value of $72,508.80. Following the sale, the chief financial officer owned 38,480 shares in the company, valued at $646,464. The trade was a 10.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 14,921 shares of company stock worth $257,094. Corporate insiders own 0.72% of the company's stock.

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.

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