CenterBook Partners LP Buys Shares of 109,948 TFS Financial Corporation $TFSL

CenterBook Partners LP bought a new stake in TFS Financial Corporation (NASDAQ:TFSL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 109,948 shares of the bank’s stock, valued at approximately $1,471,000.

Several other large investors have also modified their holdings of TFSL. AQR Capital Management LLC lifted its holdings in shares of TFS Financial by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock worth $215,000 after acquiring an additional 2,790 shares during the period. Goldman Sachs Group Inc. increased its stake in TFS Financial by 64.4% during the first quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock worth $1,139,000 after acquiring an additional 36,004 shares during the last quarter. Empowered Funds LLC increased its stake in TFS Financial by 14.7% during the first quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock worth $299,000 after acquiring an additional 3,102 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in TFS Financial by 15.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock valued at $2,537,000 after buying an additional 26,949 shares during the period. Finally, Jane Street Group LLC purchased a new position in TFS Financial in the first quarter valued at approximately $159,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Stock Performance

TFSL stock opened at $16.69 on Thursday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 50.58 and a beta of 0.72. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $16.83. The stock’s fifty day moving average is $15.22 and its two-hundred day moving average is $14.50.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. The business had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $84.70 million. On average, research analysts predict that TFS Financial Corporation will post 0.34 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Wednesday, June 10th. TFS Financial’s payout ratio is currently 342.42%.

Wall Street Analysts Forecast Growth

TFSL has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Friday, March 27th. Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of TFS Financial from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.50.

Insider Activity at TFS Financial

In related news, CFO Meredith S. Weil sold 4,105 shares of TFS Financial stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.91, for a total transaction of $65,310.55. Following the sale, the chief financial officer directly owned 38,480 shares in the company, valued at $612,216.80. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cathy W. Zbanek sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $15.26, for a total transaction of $152,600.00. Following the completion of the sale, the insider owned 61,101 shares in the company, valued at approximately $932,401.26. This trade represents a 14.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have acquired 35,000 shares of company stock valued at $529,200 and have sold 34,461 shares valued at $523,201. 0.72% of the stock is currently owned by corporate 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.