Lakewood Capital Management LP Has $33.38 Million Stake in TFS Financial Corporation $TFSL

Lakewood Capital Management LP lifted its stake in TFS Financial Corporation (NASDAQ:TFSL) by 19.9% in the third quarter, Holdings Channel.com reports. The firm owned 2,533,382 shares of the bank’s stock after acquiring an additional 420,000 shares during the quarter. TFS Financial comprises 2.5% of Lakewood Capital Management LP’s portfolio, making the stock its 17th largest holding. Lakewood Capital Management LP’s holdings in TFS Financial were worth $33,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TFSL. Legal & General Group Plc grew its stake in shares of TFS Financial by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock valued at $782,000 after buying an additional 789 shares in the last quarter. Osaic Holdings Inc. raised 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 acquiring an additional 1,057 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in TFS Financial by 5.9% in the second quarter. Treasurer of the State of North Carolina now owns 24,472 shares of the bank’s stock valued at $317,000 after acquiring an additional 1,353 shares during the last quarter. CoreCap Advisors LLC grew its position in TFS Financial by 35.5% in the third quarter. CoreCap Advisors LLC now owns 6,776 shares of the bank’s stock worth $89,000 after acquiring an additional 1,776 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in TFS Financial in the third quarter worth approximately $27,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Trading Up 0.4%

Shares of TFSL stock opened at $13.51 on Friday. TFS Financial Corporation has a 12 month low of $11.29 and a 12 month high of $15.42. The company has a market cap of $3.79 billion, a PE ratio of 42.22 and a beta of 0.72. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.60. The business’s 50 day moving average is $14.30 and its two-hundred day moving average is $13.88.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data 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 firm had revenue of $83.73 million during 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%. Equities analysts predict that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be paid a $0.2825 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.4%. TFS Financial’s payout ratio is presently 353.13%.

Insider Buying and Selling

In other news, CFO Meredith S. Weil sold 15,000 shares of the company’s 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 in the company, valued at $780,928.20. The trade was a 22.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony J. Asher purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $13.37 per share, with a total value of $66,850.00. Following the completion of the acquisition, the director owned 49,314 shares of the company’s stock, valued at approximately $659,328.18. The trade was a 11.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 78,000 shares of company stock worth $1,164,986. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Zacks Research upgraded shares of TFS Financial to a “hold” rating in a report on Monday, January 19th. Weiss Ratings restated a “buy (b-)” rating on shares of TFS Financial in a report on Monday, December 29th. Finally, Piper Sandler initiated coverage on TFS Financial in a research report on Friday, January 16th. They issued a “neutral” rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.00.

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.