TFS Financial Corporation (NASDAQ:TFSL) Announces Quarterly Dividend of $0.28

TFS Financial Corporation (NASDAQ:TFSL) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of 0.2825 per share by the bank on Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, December 2nd.

TFS Financial has increased its dividend by an average of 0.0%annually over the last three years. TFS Financial has a payout ratio of 353.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TFS Financial to earn $0.31 per share next year, which means the company may not be able to cover its $1.13 annual dividend with an expected future payout ratio of 364.5%.

TFS Financial Stock Up 2.0%

Shares of NASDAQ TFSL traded up $0.28 during mid-day trading on Friday, hitting $13.93. 48,920 shares of the stock traded hands, compared to its average volume of 358,013. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 48.09 and a beta of 0.76. The stock has a fifty day moving average price of $13.39 and a 200-day moving average price of $13.26. TFS Financial has a 52 week low of $11.29 and a 52 week high of $14.99. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $85.48 million during the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. Research analysts anticipate that TFS Financial will post 0.29 EPS for the current year.

Insider Activity at TFS Financial

In other news, CEO Marc A. Stefanski sold 7,200 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Meredith S. Weil sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total transaction of $207,750.00. Following the completion of the transaction, the chief financial officer owned 48,527 shares of the company’s stock, valued at approximately $672,098.95. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,100 shares of company stock valued at $567,417. 0.95% of the stock is owned by insiders.

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp purchased a new position in shares of TFS Financial in the second quarter worth $25,000. Quent Capital LLC bought a new stake in TFS Financial in the 3rd quarter worth about $27,000. Summit Securities Group LLC purchased a new position in TFS Financial in the 1st quarter worth about $29,000. Danske Bank A S purchased a new position in TFS Financial in the 3rd quarter worth about $47,000. Finally, Quarry LP lifted its stake in TFS Financial by 260.1% during the 1st quarter. Quarry LP now owns 3,993 shares of the bank’s stock valued at $49,000 after acquiring an additional 2,884 shares during the period. Institutional investors own 9.81% of the company’s stock.

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.