36,845 Shares in TFS Financial Corporation $TFSL Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. purchased a new stake in TFS Financial Corporation (NASDAQ:TFSL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 36,845 shares of the bank’s stock, valued at approximately $653,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TFSL. Empowered Funds LLC bought a new position in shares of TFS Financial in the 4th quarter valued at about $28,000. Comerica Bank raised its holdings in TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after acquiring an additional 1,773 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after acquiring an additional 841 shares in the last quarter. Global Retirement Partners LLC acquired a new position in TFS Financial during the second quarter valued at approximately $44,000. Finally, Danske Bank A S acquired a new position in TFS Financial during the third quarter valued at approximately $47,000. 9.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price target (up from $16.00) on shares of TFS Financial in a research report on Monday, August 3rd. 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 upped their price target on shares of TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.00.

Insider Buying and Selling

In related news, CFO Meredith S. Weil sold 4,316 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $16.80, for a total value of $72,508.80. Following the completion of the transaction, the chief financial officer owned 38,480 shares of the company’s stock, valued at $646,464. This represents a 10.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel F. Weir bought 7,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $15.85 per share, for a total transaction of $110,950.00. Following the transaction, the director directly owned 49,943 shares of the company’s stock, valued at approximately $791,596.55. This represents a 16.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 14,921 shares of company stock worth $257,094 in the last three months. 0.72% of the stock is owned by corporate insiders.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $17.50 on Friday. The stock’s 50-day simple moving average is $17.63 and its 200 day simple moving average is $15.79. The firm has a market capitalization of $4.91 billion, a PE ratio of 48.61 and a beta of 0.70. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $19.49.

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

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Wednesday, June 10th. TFS Financial’s dividend payout ratio is currently 313.89%.

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.