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

TFS Financial Co. (NASDAQ:TFSL) announced a quarterly dividend on Thursday, May 29th, RTT News reports. Stockholders of record on Tuesday, June 10th will be given a dividend of 0.2825 per share by the bank on Tuesday, June 24th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date is Tuesday, June 10th.

TFS Financial has increased its dividend by an average of 0.2% annually 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. 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 Performance

NASDAQ TFSL opened at $13.29 on Friday. The firm has a 50-day moving average of $12.83 and a 200-day moving average of $12.94. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $3.73 billion, a PE ratio of 47.46 and a beta of 0.74. TFS Financial has a 52-week low of $11.29 and a 52-week high of $15.00.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. The business had revenue of $79.12 million during the quarter, compared to analysts’ expectations of $69.42 million. On average, sell-side analysts anticipate that TFS Financial will post 0.29 EPS for the current year.

Insider Buying and Selling at TFS Financial

In related news, insider Andrew J. Rubino sold 6,000 shares of TFS Financial stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $13.61, for a total transaction of $81,660.00. Following the sale, the insider now directly owns 24,126 shares of the company’s stock, valued at approximately $328,354.86. The trade was a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony J. Asher sold 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the sale, the director now directly owns 59,607 shares in the company, valued at $724,225.05. The trade was a 18.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,512 shares of company stock valued at $1,292,491 in the last ninety days. 0.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of TFS Financial in the 1st quarter worth $159,000. AQR Capital Management LLC grew its stake in shares of TFS Financial by 19.2% in the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock worth $215,000 after acquiring an additional 2,790 shares in the last quarter. Empowered Funds LLC grew its stake in shares of TFS Financial by 14.7% in the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock worth $299,000 after acquiring an additional 3,102 shares in the last quarter. Goldman Sachs Group Inc. grew 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 worth $1,139,000 after acquiring an additional 36,004 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TFS Financial by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock worth $2,537,000 after acquiring an additional 26,949 shares in the last quarter. Institutional investors and hedge funds 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.