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

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.2825 per share by the bank on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Wednesday, June 10th.

TFS Financial has raised its dividend payment by an average of 0.0%per year 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. Research analysts expect TFS Financial to earn $0.38 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 297.4%.

TFS Financial Price Performance

Shares of TFSL stock opened at $15.82 on Friday. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 47.94 and a beta of 0.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. TFS Financial has a twelve month low of $12.53 and a twelve month high of $16.20. The stock has a fifty day simple moving average of $14.74 and a two-hundred day simple moving average of $14.34.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $85.24 million during the quarter, compared to analyst estimates of $84.70 million. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. On average, analysts predict that TFS Financial will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Andrew J. Rubino sold 6,600 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $15.18, for a total value of $100,188.00. Following the transaction, the chief operating officer directly owned 21,310 shares of the company’s stock, valued at approximately $323,485.80. This represents a 23.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Meredith S. Weil sold 13,756 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $14.91, for a total value of $205,101.96. Following the completion of the transaction, the chief financial officer owned 38,480 shares of the company’s stock, valued at approximately $573,736.80. The trade was a 26.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 33,000 shares of company stock worth $485,100 and have sold 30,356 shares worth $457,890. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new stake in TFS Financial during the 4th quarter worth approximately $28,000. Comerica Bank increased its position in shares of TFS Financial by 263.8% during the fourth quarter. Comerica Bank now owns 2,445 shares of the bank’s stock worth $33,000 after purchasing an additional 1,773 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock valued at $38,000 after purchasing an additional 841 shares during the last quarter. Danske Bank A S purchased a new position in TFS Financial in the 3rd quarter valued at $47,000. Finally, Elevation Wealth Partners LLC acquired a new stake in TFS Financial during the 4th quarter worth $49,000. 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.