Vanguard Group Inc. Sells 79,399 Shares of TFS Financial Corporation $TFSL

Vanguard Group Inc. decreased its position in TFS Financial Corporation (NASDAQ:TFSL) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,098,428 shares of the bank’s stock after selling 79,399 shares during the quarter. Vanguard Group Inc. owned about 1.82% of TFS Financial worth $67,172,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC bought a new stake in TFS Financial in the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC increased its position in TFS Financial by 913.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock worth $68,000 after buying an additional 4,731 shares during the period. CoreCap Advisors LLC increased its position in TFS Financial by 35.5% during the 3rd quarter. CoreCap Advisors LLC now owns 6,776 shares of the bank’s stock worth $89,000 after buying an additional 1,776 shares during the period. M&T Bank Corp acquired a new stake in shares of TFS Financial during the second quarter worth $132,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of TFS Financial in the second quarter valued at about $156,000. Institutional investors own 9.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Marc A. Stefanski sold 36,844 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $15.12, for a total transaction of $557,081.28. Following the completion of the transaction, the chief executive officer owned 71,997 shares of the company’s stock, valued at approximately $1,088,594.64. The trade was a 33.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ashley H. Williams sold 7,600 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $13.66, for a total value of $103,816.00. Following the sale, the director owned 16,510 shares of the company’s stock, valued at approximately $225,526.60. This represents a 31.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 85,600 shares of company stock worth $1,268,802. 0.72% of the stock is owned by company insiders.

TFS Financial Price Performance

Shares of NASDAQ:TFSL opened at $13.90 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $3.90 billion, a PE ratio of 43.44 and a beta of 0.72. The firm has a 50 day moving average of $14.29 and a 200-day moving average of $13.87. TFS Financial Corporation has a 12 month low of $11.29 and a 12 month high of $15.42.

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

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be paid a $0.2825 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 8.1%. TFS Financial’s dividend payout ratio (DPR) is presently 353.13%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TFSL. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Zacks Research raised shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. Finally, Piper Sandler assumed coverage on shares of TFS Financial in a research report on Friday, January 16th. They set a “neutral” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.00.

About TFS Financial

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.