HB Wealth Management LLC Has $227,000 Stake in TFS Financial Corporation $TFSL

HB Wealth Management LLC lifted its stake in shares of TFS Financial Corporation (NASDAQ:TFSL) by 75.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,558 shares of the bank’s stock after purchasing an additional 7,543 shares during the period. HB Wealth Management LLC’s holdings in TFS Financial were worth $227,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in shares of TFS Financial by 2.8% during the first quarter. Cetera Investment Advisers now owns 31,137 shares of the bank’s stock worth $386,000 after purchasing an additional 837 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of TFS Financial by 5.4% during the second quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock worth $334,000 after purchasing an additional 1,319 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of TFS Financial during the second quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in shares of TFS Financial during the first quarter worth approximately $29,000. Finally, AQR Capital Management LLC lifted its position in shares of TFS Financial by 19.2% during the first quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock worth $215,000 after purchasing an additional 2,790 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of TFS Financial in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, TFS Financial currently has an average rating of “Hold” and a consensus price target of $15.00.

Insiders Place Their Bets

In related news, Director Daniel F. Weir sold 3,900 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $13.37, for a total value of $52,143.00. Following the completion of the transaction, the director owned 14,941 shares of the company’s stock, valued at approximately $199,761.17. This trade represents a 20.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony J. Asher bought 37,675 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average cost of $13.26 per share, with a total value of $499,570.50. Following the transaction, the director owned 37,675 shares of the company’s stock, valued at $499,570.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 38,100 shares of company stock valued at $516,267 in the last quarter. Company insiders own 0.95% of the company’s stock.

TFS Financial Stock Down 0.6%

Shares of TFSL stock opened at $13.57 on Wednesday. The firm has a fifty day moving average of $13.32 and a 200-day moving average of $13.02. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.59. TFS Financial Corporation has a 12-month low of $11.29 and a 12-month high of $14.99. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 46.79 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The company had revenue of $82.04 million during the quarter, compared to the consensus estimate of $80.30 million. As a group, equities research analysts predict that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.13 dividend on an annualized basis and a yield of 8.3%. TFS Financial’s dividend payout ratio (DPR) is 389.66%.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.