Corient Private Wealth LP Buys Shares of 110,168 TFS Financial Corporation $TFSL

Key Points

• Corient Private Wealth initiated a position of 110,168 TFS Financial shares valued at approximately $1.95 million. Other institutional investors also increased or initiated holdings, though institutions collectively own just 9.81% of the stock.
• TFS Financial exceeded quarterly expectations, reporting EPS of $0.11 versus an $0.08 estimate and revenue of $89.27 million. The company also raised its quarterly dividend to $0.3175 per share, implying a 7.3% yield.
• Analysts maintain a generally cautious view, with a consensus “Hold” rating and an average price target of $19.00. Meanwhile, insiders sold 11,416 shares worth about $202,584 over the past 90 days.

Corient Private Wealth LP bought a new position in TFS Financial Corporation (NASDAQ:TFSL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 110,168 shares of the bank's stock, valued at approximately $1,952,000.

Other hedge funds have also recently modified their holdings of the company. UBS Group AG increased its holdings in TFS Financial by 28.2% in the 4th quarter. UBS Group AG now owns 499,893 shares of the bank's stock worth $6,689,000 after buying an additional 110,104 shares in the last quarter. Gator Capital Management LLC purchased a new position in TFS Financial in the 4th quarter worth about $6,290,000. Bank of America Corp DE lifted its stake in 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 acquiring an additional 215,491 shares during the period. Beverly Hills Private Wealth LLC bought a new position in TFS Financial during the 2nd quarter valued at about $6,631,000. Finally, Lakewood Capital Management LP purchased a new stake in shares of TFS Financial during the 2nd quarter valued at about $36,687,000. Hedge funds and other institutional investors own 9.81% of the company's stock.

Insider Activity at TFS Financial

In other TFS Financial news, CFO Meredith S. Weil sold 4,316 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $16.80, for a total transaction of $72,508.80. Following the completion of the sale, the chief financial officer directly owned 38,480 shares of the company's stock, valued at approximately $646,464. This represents a 10.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gavin B. Stefanski sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $18.35, for a total transaction of $119,275.00. Following the completion of the transaction, the insider owned 19,266 shares in the company, valued at $353,531.10. The trade was a 25.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,416 shares of company stock valued at $202,584 over the last 90 days. 0.72% of the stock is currently owned by company insiders.

TFS Financial Stock Up 0.5%

TFSL stock opened at $17.47 on Thursday. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 48.53 and a beta of 0.69. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67. The business's 50-day moving average is $17.82 and its two-hundred day moving average is $15.97. TFS Financial Corporation has a fifty-two week low of $12.53 and a fifty-two week high of $19.49.

TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating 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. As a group, analysts forecast that TFS Financial Corporation will post 0.36 earnings per share for the current year.

TFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 7.3%. This is a positive change from TFS Financial's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, September 9th. TFS Financial's dividend payout ratio (DPR) is presently 313.89%.

Analysts Set New Price Targets

A number of analysts have recently commented on TFSL shares. Piper Sandler lifted their price target on shares of TFS Financial from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of TFS Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of TFS Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $18.00 target price (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. 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 stock presently has a consensus rating of "Hold" and an average target price of $19.00.

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.

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