TFS Financial (NASDAQ:TFSL) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

TFS Financial (NASDAQ:TFSL) announced its quarterly earnings data on Tuesday. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01, Yahoo Finance reports. The firm had revenue of $191.15 million during the quarter. TFS Financial had a return on equity of 4.14% and a net margin of 11.08%.

TFS Financial Stock Down 1.7 %

TFSL stock traded down $0.24 during mid-day trading on Wednesday, hitting $13.53. The stock had a trading volume of 24,732 shares, compared to its average volume of 269,454. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.60. TFS Financial has a 1-year low of $10.97 and a 1-year high of $15.25. The company has a fifty day moving average of $12.89 and a 200 day moving average of $12.88. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 50.37 and a beta of 0.68.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.35%. The ex-dividend date was Tuesday, June 11th. TFS Financial’s payout ratio is currently 418.52%.

Insiders Place Their Bets

In other TFS Financial news, CFO Meredith S. Weil sold 4,087 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $12.57, for a total value of $51,373.59. Following the transaction, the chief financial officer now directly owns 102,332 shares of the company’s stock, valued at approximately $1,286,313.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Meredith S. Weil sold 4,087 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $12.57, for a total transaction of $51,373.59. Following the transaction, the chief financial officer now owns 102,332 shares of the company’s stock, valued at approximately $1,286,313.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara J. Anderson sold 13,400 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $13.14, for a total value of $176,076.00. Following the transaction, the director now directly owns 1,700 shares in the company, valued at approximately $22,338. The disclosure for this sale can be found here. Insiders have sold a total of 21,237 shares of company stock valued at $277,025 in the last three months. Insiders own 1.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TFSL shares. StockNews.com downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $14.00 price objective (down from $15.00) on shares of TFS Financial in a research note on Thursday, May 2nd.

About TFS Financial

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.