Signature Estate & Investment Advisors LLC Makes New $498,000 Investment in TFS Financial Corporation $TFSL

Signature Estate & Investment Advisors LLC bought a new stake in TFS Financial Corporation (NASDAQ:TFSL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,775 shares of the bank’s stock, valued at approximately $498,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc raised its stake in TFS Financial by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after purchasing an additional 789 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of TFS Financial by 5.7% during the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock worth $256,000 after purchasing an additional 1,057 shares during the period. Treasurer of the State of North Carolina raised its position in shares of TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after buying an additional 1,353 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of TFS Financial by 35.5% in the third quarter. CoreCap Advisors LLC now owns 6,776 shares of the bank’s stock valued at $89,000 after buying an additional 1,776 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of TFS Financial in the third quarter valued at approximately $27,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TFSL has been the topic of a number of recent research reports. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research upgraded TFS Financial to a “hold” rating in a research report on Monday, January 19th. Piper Sandler initiated coverage on TFS Financial in a research note on Friday, January 16th. They issued a “neutral” rating and a $15.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Insider Activity

In related news, CFO Meredith S. Weil sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total transaction of $207,750.00. Following the sale, the chief financial officer owned 48,527 shares in the company, valued at $672,098.95. The trade was a 23.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cathy W. Zbanek sold 20,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $14.13, for a total value of $282,600.00. Following the completion of the transaction, the insider owned 53,197 shares of the company’s stock, valued at $751,673.61. This represents a 27.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 58,600 shares of company stock valued at $821,626. 0.72% of the stock is currently owned by insiders.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $14.97 on Tuesday. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $15.04. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.60. The stock’s 50-day simple moving average is $14.07 and its 200 day simple moving average is $13.65. The firm has a market capitalization of $4.20 billion, a PE ratio of 46.78 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Thursday, January 29th. The bank reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). TFS Financial had a return on equity of 4.79% and a net margin of 11.29%.The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $84.97 million. On average, analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were given a $0.2825 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.13 dividend on an annualized basis and a yield of 7.5%. TFS Financial’s dividend payout ratio (DPR) is currently 353.13%.

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.