Cramer Rosenthal Mcglynn LLC Trims Stock Position in TFS Financial Corporation $TFSL

Cramer Rosenthal Mcglynn LLC decreased its position in TFS Financial Corporation (NASDAQ:TFSL) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,210 shares of the bank’s stock after selling 47,817 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.42% of TFS Financial worth $15,391,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TFSL. Dimensional Fund Advisors LP raised its holdings in TFS Financial by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,866,082 shares of the bank’s stock valued at $37,761,000 after buying an additional 46,288 shares during the period. Victory Capital Management Inc. raised its position in TFS Financial by 196.9% in the 3rd quarter. Victory Capital Management Inc. now owns 32,010 shares of the bank’s stock valued at $422,000 after purchasing an additional 21,227 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in TFS Financial by 9.2% in the third quarter. Rafferty Asset Management LLC now owns 60,613 shares of the bank’s stock worth $799,000 after acquiring an additional 5,113 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of TFS Financial during the 3rd quarter worth $216,000. Finally, Caprock Group LLC purchased a new stake in TFS Financial during the 3rd quarter worth about $212,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

TFS Financial Price Performance

TFSL stock opened at $13.91 on Friday. The business has a 50 day simple moving average of $14.29 and a 200-day simple moving average of $13.86. The company has a market capitalization of $3.90 billion, a P/E ratio of 43.47 and a beta of 0.72. TFS Financial Corporation has a twelve month low of $11.29 and a twelve month high of $15.42. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $83.73 million for the quarter, compared to analyst estimates of $84.97 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.29%. As a group, equities analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.1%. TFS Financial’s payout ratio is presently 353.13%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TFSL. Wall Street Zen lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Piper Sandler began coverage on shares of TFS Financial in a report on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. Finally, Zacks Research raised shares of TFS Financial to a “hold” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TFS Financial presently has a consensus rating of “Hold” and an average target price of $15.00.

Insider Buying and Selling

In other news, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $14.95, for a total transaction of $224,250.00. Following the completion of the transaction, the chief financial officer directly owned 52,236 shares of the company’s stock, valued at approximately $780,928.20. This represents a 22.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ashley H. Williams sold 7,600 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $13.66, for a total value of $103,816.00. Following the completion of the sale, the director directly owned 16,510 shares of the company’s stock, valued at approximately $225,526.60. This trade represents a 31.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 85,600 shares of company stock worth $1,268,802 in the last ninety days. Insiders own 0.72% of the company’s stock.

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.