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

TFS Financial Co. (NASDAQ:TFSL) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Thursday, March 6th will be given a dividend of 0.2825 per share by the bank on Thursday, March 20th. This represents a $1.13 annualized dividend and a dividend yield of 8.42%.

TFS Financial has raised its dividend by an average of 0.2% per year over the last three years. TFS Financial has a payout ratio of 364.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TFS Financial to earn $0.31 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 364.5%.

TFS Financial Trading Down 0.6 %

Shares of TFSL traded down $0.08 during trading hours on Thursday, reaching $13.42. 209,822 shares of the company traded hands, compared to its average volume of 268,618. The company’s fifty day moving average price is $12.93 and its two-hundred day moving average price is $13.18. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 47.93 and a beta of 0.72. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial has a 12 month low of $11.70 and a 12 month high of $14.99.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. Equities research analysts predict that TFS Financial will post 0.29 earnings per share for the current fiscal year.

Insider Activity at TFS Financial

In related news, insider Cathy W. Zbanek sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the transaction, the insider now owns 88,197 shares in the company, valued at $1,210,062.84. This represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $15.00 price target on shares of TFS Financial in a research report on Friday, November 22nd.

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.