TFS Financial Corp. (TFSL) to Issue Quarterly Dividend of $0.13 on December 12th
TFS Financial Corp. (NASDAQ:TFSL) declared a quarterly dividend on Thursday, November 17th. Investors of record on Tuesday, November 29th will be given a dividend of 0.125 per share on Monday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, November 25th.
TFS Financial Corp. (NASDAQ:TFSL) opened at 18.75 on Friday. The company has a 50-day moving average of $17.91 and a 200-day moving average of $17.93. TFS Financial Corp. has a 1-year low of $15.58 and a 1-year high of $19.42. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 66.96 and a beta of 0.54.
TFS Financial Corp. (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The firm earned $67.63 million during the quarter, compared to analysts’ expectations of $67.98 million. TFS Financial Corp. had a net margin of 19.49% and a return on equity of 4.76%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, equities analysts predict that TFS Financial Corp. will post $0.28 earnings per share for the current year.
In other TFS Financial Corp. news, Director Robert A. Fiala sold 20,000 shares of TFS Financial Corp. stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $18.30, for a total value of $366,000.00. Following the transaction, the director now owns 56,300 shares of the company’s stock, valued at $1,030,290. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.69% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in shares of TFS Financial Corp. by 502.4% in the second quarter. Pacer Advisors Inc. now owns 7,283 shares of the company’s stock worth $126,000 after buying an additional 6,074 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of TFS Financial Corp. during the third quarter worth $144,000. Trexquant Investment LP bought a new position in shares of TFS Financial Corp. during the second quarter worth $274,000. Paloma Partners Management Co bought a new position in shares of TFS Financial Corp. during the second quarter worth $330,000. Finally, JPMorgan Chase & Co. raised its position in shares of TFS Financial Corp. by 17,606.3% in the third quarter. JPMorgan Chase & Co. now owns 19,654 shares of the company’s stock worth $350,000 after buying an additional 19,543 shares during the last quarter. 12.08% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Piper Jaffray Cos. lowered shares of TFS Financial Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Friday, August 19th. They noted that the move was a valuation call.
TFS Financial Corp. Company Profile
TFS Financial Corporation is a savings and loan holding company. The Company is a stock holding company, which conducts its principal activities through its subsidiaries. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering and other insignificant financial services.
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