Quantinno Capital Management LP Boosts Stock Position in TFS Financial Corporation $TFSL

Quantinno Capital Management LP raised its holdings in TFS Financial Corporation (NASDAQ:TFSL) by 53.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,322 shares of the bank’s stock after purchasing an additional 140,376 shares during the quarter. Quantinno Capital Management LP’s holdings in TFS Financial were worth $5,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of TFS Financial by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock worth $113,000 after purchasing an additional 770 shares during the period. Legal & General Group Plc grew its position in TFS Financial by 1.3% during the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after buying an additional 789 shares during the period. Prasad Wealth Partners LLC grew its position in TFS Financial by 9.0% during the fourth quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock valued at $158,000 after buying an additional 971 shares during the period. Kestra Investment Management LLC increased its holdings in TFS Financial by 0.5% during the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after buying an additional 1,017 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in TFS Financial by 5.7% during the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock worth $256,000 after buying an additional 1,057 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TFSL has been the topic of several research reports. Piper Sandler lifted their price objective on shares of TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research note on Wednesday, June 24th. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, 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 research note on Monday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.00.

TFS Financial Trading Down 2.5%

NASDAQ:TFSL opened at $17.86 on Friday. TFS Financial Corporation has a 1 year low of $12.53 and a 1 year high of $19.49. The stock’s fifty day moving average price is $17.40 and its two-hundred day moving average price is $15.57. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $5.01 billion, a P/E ratio of 49.61 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. TFS Financial had a return on equity of 5.36% and a net margin of 12.36%.The company had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. As a group, analysts expect that TFS Financial Corporation will post 0.36 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a $0.2825 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.13 annualized dividend and a yield of 6.3%. TFS Financial’s dividend payout ratio (DPR) is currently 313.89%.

Insider Buying and Selling at TFS Financial

In other news, CFO Meredith S. Weil sold 13,756 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $14.91, for a total transaction of $205,101.96. Following the sale, the chief financial officer directly owned 38,480 shares in the company, valued at $573,736.80. This represents a 26.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel F. Weir purchased 21,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the acquisition, the director owned 51,043 shares of the company’s stock, valued at approximately $761,051.13. This represents a 69.90% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders purchased 35,000 shares of company stock valued at $529,200 and sold 32,177 shares valued at $495,521. Insiders own 0.72% of the company’s stock.

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.