Beverly Hills Private Wealth LLC Purchases Shares of 374,186 TFS Financial Corporation $TFSL

Beverly Hills Private Wealth LLC purchased a new stake in shares of TFS Financial Corporation (NASDAQ:TFSL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 374,186 shares of the bank’s stock, valued at approximately $6,631,000. TFS Financial comprises 1.3% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 22nd largest position.

Other large investors have also recently made changes to their positions in the company. UBS Group AG boosted its stake in shares of TFS Financial by 28.2% in the 4th quarter. UBS Group AG now owns 499,893 shares of the bank’s stock valued at $6,689,000 after purchasing 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 $6,290,000. Dimensional Fund Advisors LP raised its position in TFS Financial by 5.2% in the 1st 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 during the period. Quantinno Capital Management LP raised its position in TFS Financial by 53.0% in the 1st quarter. Quantinno Capital Management LP now owns 405,322 shares of the bank’s stock worth $5,695,000 after purchasing an additional 140,376 shares during the period. Finally, CenterBook Partners LP bought a new stake in TFS Financial in the fourth quarter worth $1,471,000. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TFS Financial Price Performance

Shares of TFS Financial stock opened at $17.64 on Monday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67. TFS Financial Corporation has a 52-week low of $12.53 and a 52-week high of $19.49. The company’s 50 day moving average price is $17.57 and its 200-day moving average price is $15.70. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 49.00 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $89.27 million during 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%. Equities research analysts forecast that TFS Financial Corporation will post 0.36 EPS for the current 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 given a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.4%. TFS Financial’s payout ratio is presently 313.89%.

Insider Buying and Selling at TFS Financial

In other news, Director Daniel F. Weir bought 7,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $15.85 per share, for a total transaction of $110,950.00. Following the completion of the acquisition, the director owned 49,943 shares in the company, valued at approximately $791,596.55. This trade represents a 16.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Meredith S. Weil sold 4,316 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was 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 directly owned 38,480 shares in the company, valued at $646,464. The trade was a 10.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,921 shares of company stock worth $257,094. 0.72% of the stock is currently owned by company insiders.

TFS Financial 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.