TFS Financial Corporation (TFSL) To Go Ex-Dividend on June 10th

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 dividend yield of 7.1%. The ex-dividend date of this dividend is Wednesday, June 10th.

TFS Financial has increased its dividend payment by an average of 0.0%per year 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. 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 NASDAQ:TFSL opened at $15.91 on Friday. TFS Financial has a fifty-two week low of $12.53 and a fifty-two week high of $16.20. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $4.46 billion, a P/E ratio of 48.21 and a beta of 0.70. The business has a 50-day moving average of $14.79 and a two-hundred day moving average of $14.35.

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

Insider Transactions at TFS Financial

In other TFS Financial news, insider Cathy W. Zbanek sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $15.26, for a total value of $152,600.00. Following the completion of the transaction, the insider owned 61,101 shares of the company’s stock, valued at $932,401.26. This represents a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Meredith S. Weil sold 13,756 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were 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 directly owned 38,480 shares of the company’s stock, valued at approximately $573,736.80. This trade represents a 26.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have acquired 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.

Hedge Funds Weigh In On TFS Financial

Several large investors have recently added to or reduced their stakes in TFSL. AQR Capital Management LLC raised its holdings in TFS Financial by 19.2% in the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock valued at $215,000 after acquiring an additional 2,790 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 36,004 shares in the last quarter. Empowered Funds LLC raised its holdings in TFS Financial by 14.7% in the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock valued at $299,000 after acquiring an additional 3,102 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 acquiring an additional 26,949 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in TFS Financial in the 1st quarter valued at approximately $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.