Renaissance Technologies LLC Decreases Holdings in TFS Financial Corporation $TFSL

Renaissance Technologies LLC trimmed its holdings in TFS Financial Corporation (NASDAQ:TFSL) by 4.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,549,491 shares of the bank’s stock after selling 107,300 shares during the quarter. Renaissance Technologies LLC’s holdings in TFS Financial were worth $35,820,000 at the end of the most recent quarter.

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

TFS Financial Trading Up 2.2%

NASDAQ:TFSL opened at $18.48 on Wednesday. The company has a fifty day moving average of $17.07 and a 200 day moving average of $15.35. TFS Financial Corporation has a 52 week low of $12.53 and a 52 week high of $18.52. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $5.18 billion, a P/E ratio of 56.00 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $85.24 million during the quarter, compared to analysts’ expectations of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. On average, research analysts predict that TFS Financial Corporation will post 0.34 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Wednesday, June 10th. TFS Financial’s dividend payout ratio is currently 342.42%.

Analysts Set New Price Targets

TFSL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on TFS Financial from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Wall Street Zen lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Piper Sandler increased their target price on TFS Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, TFS Financial currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Insider Activity

In other TFS Financial news, insider Cathy W. Zbanek sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $15.26, for a total transaction of $152,600.00. Following the completion of the transaction, the insider owned 61,101 shares of the company’s stock, valued at $932,401.26. This represents a 14.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel F. Weir purchased 7,000 shares of the stock in a transaction on Friday, May 29th. The shares were acquired at an average cost of $15.85 per share, with a total value of $110,950.00. Following the transaction, the director directly owned 49,943 shares in the company, valued at $791,596.55. The trade was a 16.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $529,200 and have sold 38,777 shares valued at $595,709. Company 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.