TFS Financial Co. (NASDAQ:TFSL) Declares $0.28 Quarterly Dividend

TFS Financial Co. (NASDAQ:TFSL) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.2825 per share by the bank on Tuesday, December 17th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date is Tuesday, December 3rd.

TFS Financial has increased its dividend by an average of 0.3% per year over the last three years. TFS Financial has a payout ratio of 403.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

TFS Financial Price Performance

NASDAQ:TFSL opened at $14.52 on Friday. TFS Financial has a one year low of $11.70 and a one year high of $15.25. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 53.78 and a beta of 0.68. The firm’s fifty day moving average is $13.25 and its two-hundred day moving average is $13.10.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. The company had revenue of $194.94 million for the quarter. During the same period in the previous year, the company posted $0.07 earnings per share.

Insider Transactions at TFS Financial

In other news, CEO Marc A. Stefanski sold 20,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at $476,263. This represents a 35.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $15.00 price target on shares of TFS Financial in a report on Friday.

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.