Lakewood Capital Management LP Buys Shares of 2,070,382 TFS Financial Corporation $TFSL

Lakewood Capital Management LP purchased a new position in shares of TFS Financial Corporation (NASDAQ:TFSL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,070,382 shares of the bank’s stock, valued at approximately $36,687,000. TFS Financial makes up 1.9% of Lakewood Capital Management LP’s holdings, making the stock its 21st largest holding.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in shares of TFS Financial in the fourth quarter valued at $28,000. Comerica Bank increased its position in TFS Financial by 263.8% during the 4th quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares in the last quarter. Allworth Financial LP acquired a new position in TFS Financial in the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its stake in TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in TFS Financial in the 2nd quarter valued at about $44,000. 9.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TFS Financial Trading Up 0.1%

NASDAQ TFSL opened at $17.65 on Tuesday. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 49.03 and a beta of 0.70. 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 one year low of $12.53 and a one year high of $19.49. The company’s 50 day moving average price is $17.67 and its 200 day moving average price is $15.84.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. The company had revenue of $89.27 million during the quarter, compared to the consensus estimate of $87.05 million. On average, sell-side analysts predict that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Announces Dividend

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

Insider Buying and Selling

In other TFS Financial news, 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 transaction, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at $646,464. This trade represents a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel F. Weir acquired 7,000 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 49,943 shares of the company’s stock, valued at $791,596.55. This trade represents a 16.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 14,921 shares of company stock valued at $257,094. Company 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.