TFS Financial Co. (TFSL) To Go Ex-Dividend on March 6th

TFS Financial Co. (NASDAQ:TFSL) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors 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 yield of 8.48%. The ex-dividend date of this dividend is Thursday, March 6th.

TFS Financial has increased 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 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 Down 0.7 %

Shares of NASDAQ:TFSL opened at $13.32 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The business has a fifty day moving average of $12.94 and a two-hundred day moving average of $13.18. The stock has a market cap of $3.74 billion, a P/E ratio of 47.57 and a beta of 0.72. TFS Financial has a 52-week low of $11.70 and a 52-week high of $14.99.

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

Insider Buying and Selling

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $13.72, for a total value of $274,400.00. Following the sale, the insider now owns 88,197 shares of the company’s stock, valued at $1,210,062.84. This trade represents a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Piper Sandler reiterated a “neutral” rating and set a $15.00 price target on shares of TFS Financial in a 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.