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

TFS Financial Corporation (NASDAQ:TFSL) declared a quarterly dividend on Thursday, November 20th. Investors of record on Tuesday, December 2nd will be paid a dividend of 0.2825 per share by the bank on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Tuesday, December 2nd.

TFS Financial has raised its dividend payment by an average of 0.0%per year over the last three years. TFS Financial has a dividend payout ratio of 353.1% meaning 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 $0.31 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 Stock Up 1.0%

Shares of TFSL opened at $13.78 on Friday. The firm has a 50 day simple moving average of $13.39 and a two-hundred day simple moving average of $13.26. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial has a one year low of $11.29 and a one year high of $14.99. The company has a market cap of $3.87 billion, a P/E ratio of 47.54 and a beta of 0.76.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%.The company had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. Research analysts forecast that TFS Financial will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at TFS Financial

In other news, Director Daniel F. Weir sold 3,900 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $13.37, for a total value of $52,143.00. Following the sale, the director directly owned 14,941 shares of the company’s stock, valued at approximately $199,761.17. This represents a 20.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marc A. Stefanski sold 7,200 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $14.17, for a total transaction of $102,024.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,100 shares of company stock valued at $567,417. 0.95% of the stock is currently owned by company insiders.

Institutional Trading of TFS Financial

A number of institutional investors have recently bought and sold shares of TFSL. Goldman Sachs Group Inc. lifted its stake in shares of 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 purchasing an additional 36,004 shares during the period. Nuveen LLC acquired a new stake in TFS Financial during the first quarter worth approximately $2,341,000. Parallel Advisors LLC increased its holdings in TFS Financial by 5.4% in the second quarter. Parallel Advisors LLC now owns 25,793 shares of the bank’s stock worth $334,000 after purchasing an additional 1,319 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of TFS Financial by 124.6% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 87,736 shares of the bank’s stock worth $1,136,000 after buying an additional 48,673 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of TFS Financial by 100.9% during the 1st quarter. Russell Investments Group Ltd. now owns 8,283 shares of the bank’s stock worth $103,000 after buying an additional 4,161 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

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.