Maridea Wealth Management LLC Invests $734,000 in TFS Financial Corporation $TFSL

Maridea Wealth Management LLC bought a new position in TFS Financial Corporation (NASDAQ:TFSL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,425 shares of the bank’s stock, valued at approximately $734,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TFSL. Gator Capital Management LLC purchased a new stake in TFS Financial during the 4th quarter valued at $6,290,000. Norges Bank bought a new position in shares of TFS Financial during the fourth quarter valued at about $5,248,000. State Street Corp boosted its holdings in shares of TFS Financial by 24.6% during the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock worth $26,305,000 after purchasing an additional 387,992 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of TFS Financial by 23.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock worth $25,011,000 after purchasing an additional 352,093 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of TFS Financial by 27.1% during the first quarter. Bank of America Corp DE now owns 1,009,309 shares of the bank’s stock worth $14,181,000 after purchasing an additional 215,491 shares during the period. 9.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Gavin B. Stefanski sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total value of $119,275.00. Following the transaction, the insider owned 19,266 shares in the company, valued at $353,531.10. The trade was a 25.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Meredith S. Weil sold 4,316 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $16.80, for a total transaction of $72,508.80. Following the sale, the chief financial officer directly owned 38,480 shares in the company, valued at $646,464. This trade represents a 10.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 24,921 shares of company stock worth $409,694. 0.72% of the stock is currently owned by company insiders.

TFS Financial Stock Up 0.4%

TFSL stock opened at $17.64 on Friday. The business has a 50 day moving average of $17.57 and a 200 day moving average of $15.69. The firm has a market cap of $4.95 billion, a PE ratio of 49.00 and a beta of 0.70. TFS Financial Corporation has a twelve month low of $12.53 and a twelve month high of $19.49. The company has a quick ratio of 1.58, a current ratio of 1.67 and a debt-to-equity ratio of 2.97.

TFS Financial (NASDAQ:TFSL) last released 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. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%.The business had revenue of $89.27 million for the quarter, compared to the consensus estimate of $87.05 million. On average, research analysts forecast that TFS Financial Corporation will post 0.36 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, June 10th. TFS Financial’s payout ratio is currently 313.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. 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 report on Monday, August 3rd. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Piper Sandler boosted their price target 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, TFS Financial has a consensus rating of “Hold” and a consensus target price of $19.00.

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.