Lakewood Capital Management LP Takes Position in TFS Financial Corporation $TFSL

Lakewood Capital Management LP bought a new position in shares of TFS Financial Corporation (NASDAQ:TFSL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,070,382 shares of the bank’s stock, valued at approximately $36,687,000. TFS Financial accounts for about 1.9% of Lakewood Capital Management LP’s holdings, making the stock its 21st largest holding. Lakewood Capital Management LP owned approximately 0.74% of TFS Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in TFS Financial by 10.1% in the 4th quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock valued at $113,000 after acquiring an additional 770 shares during the period. Legal & General Group Plc lifted its position in TFS Financial by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after acquiring an additional 789 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares during the last quarter. Kestra Investment Management LLC increased its holdings in shares of TFS Financial by 0.5% in the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock valued at $2,870,000 after purchasing an additional 1,017 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of TFS Financial by 5.7% in the second quarter. Osaic Holdings Inc. now owns 19,762 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,057 shares during the period. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler increased their price target on TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods reissued 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, 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. Finally, Weiss Ratings upgraded shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.00.

Insider Transactions at TFS Financial

In related news, insider Gavin B. Stefanski sold 6,500 shares of the business’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 sale, the insider directly owned 19,266 shares in the company, valued at $353,531.10. The trade was a 25.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel F. Weir acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $15.85 per share, for a total transaction of $110,950.00. Following the completion of the transaction, the director directly owned 49,943 shares in the company, valued at approximately $791,596.55. This represents a 16.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 14,921 shares of company stock valued at $257,094 in the last 90 days. 0.72% of the stock is currently owned by insiders.

TFS Financial Stock Performance

TFSL opened at $17.65 on Tuesday. The stock has a market cap of $4.95 billion, a P/E ratio of 49.03 and a beta of 0.70. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $15.84. TFS Financial Corporation has a 1-year low of $12.53 and a 1-year high of $19.49.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data 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. 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%. As a group, equities analysts anticipate that TFS Financial Corporation will post 0.36 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.2825 per share. 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 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.