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

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.2825 per share by the bank on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Wednesday, March 11th.

TFS Financial has raised its dividend payment by an average of 0.0%annually over the last three years. TFS Financial has a dividend payout ratio of 353.1% meaning 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 Down 3.1%

TFS Financial stock traded down $0.45 on Friday, hitting $13.99. 172,995 shares of the stock traded hands, compared to its average volume of 705,830. The firm has a market cap of $3.92 billion, a P/E ratio of 43.72 and a beta of 0.73. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.60. The business’s fifty day simple moving average is $14.29 and its 200 day simple moving average is $13.83. TFS Financial has a 1 year low of $11.29 and a 1 year high of $15.42.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $83.73 million for the quarter, compared to the consensus estimate of $84.97 million. TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. As a group, sell-side analysts forecast that TFS Financial will post 0.29 earnings per share for the current year.

Insider Activity

In other TFS Financial news, Director Ashley H. Williams sold 7,600 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.66, for a total value of $103,816.00. Following the completion of the transaction, the director owned 16,510 shares in the company, valued at approximately $225,526.60. This represents a 31.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gavin B. Stefanski sold 7,000 shares of TFS Financial stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $14.97, for a total transaction of $104,790.00. Following the sale, the insider owned 25,766 shares in the company, valued at approximately $385,717.02. This represents a 21.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 105,600 shares of company stock valued at $1,551,402 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of TFSL. AQR Capital Management LLC lifted its position in shares of TFS Financial by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock worth $215,000 after buying an additional 2,790 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of TFS Financial by 64.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock valued at $1,139,000 after buying an additional 36,004 shares during the period. Empowered Funds LLC lifted its stake in TFS Financial by 14.7% in the first quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock valued at $299,000 after buying an additional 3,102 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TFS Financial by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock valued at $2,537,000 after purchasing an additional 26,949 shares during the period. Finally, Jane Street Group LLC bought a new position in TFS Financial in the first quarter valued at $159,000. Institutional investors and hedge funds own 9.81% 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.