TFS Financial (NASDAQ:TFSL) Posts Quarterly Earnings Results, Meets Estimates

TFS Financial (NASDAQ:TFSL) released its quarterly earnings data on Thursday. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09, FiscalAI reports. TFS Financial had a net margin of 12.00% and a return on equity of 5.23%. The company had revenue of $93.53 million for the quarter, compared to analysts’ expectations of $90.22 million.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL traded down $0.33 during midday trading on Friday, reaching $16.43. 877,235 shares of the company traded hands, compared to its average volume of 723,608. The firm’s fifty day moving average price is $16.82 and its two-hundred day moving average price is $15.94. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 45.64 and a beta of 0.70. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97. TFS Financial has a 12 month low of $13.20 and a 12 month high of $19.49.

TFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.2825. TFS Financial’s dividend payout ratio is presently 352.78%.

Insider Activity

In other TFS Financial news, insider Bradley Stefanski sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the transaction, the insider owned 38,720 shares in the company, valued at $655,916.80. This trade represents a 20.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gavin Stefanski sold 6,500 shares of TFS Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total value of $119,275.00. Following the transaction, the insider directly owned 19,266 shares of the company’s stock, valued at $353,531.10. The trade was a 25.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,100 shares of company stock valued at $299,475. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TFSL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research note on Monday, August 3rd. Weiss Ratings upgraded TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Piper Sandler raised their price target on shares of TFS Financial from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, TFS Financial has a consensus rating of “Hold” and an average price target of $19.00.

About TFS Financial

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Founded in 1938, Third Federal provides banking and lending services to consumers, with a primary focus on residential real estate finance.

The company offers deposit products such as savings and checking accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgage loans, home equity loans and lines of credit, and other consumer-focused financing products.