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

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, May 28th. Investors of record on Wednesday, June 10th will be given a dividend of 0.2825 per share by the bank on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Wednesday, June 10th.

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% indicating that 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 $0.38 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 297.4%.

TFS Financial Price Performance

TFSL opened at $15.82 on Friday. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 47.94 and a beta of 0.70. TFS Financial has a 1 year low of $12.53 and a 1 year high of $16.20. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.67. The stock has a fifty day moving average price of $14.74 and a 200 day moving average price of $14.34.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. TFS Financial had a net margin of 11.42% and a return on equity of 4.89%. The company had revenue of $85.24 million for the quarter, compared to analyst estimates of $84.70 million. Analysts forecast that TFS Financial will post 0.34 EPS for the current fiscal year.

Insider Activity at TFS Financial

In related news, Director Daniel F. Weir bought 21,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $313,110.00. Following the completion of the acquisition, the director directly owned 51,043 shares in the company, valued at approximately $761,051.13. This represents a 69.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cathy W. Zbanek sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $15.26, for a total value of $152,600.00. Following the transaction, the insider owned 61,101 shares in the company, valued at approximately $932,401.26. This trade represents a 14.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 33,000 shares of company stock valued at $485,100 and sold 30,356 shares valued at $457,890. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TFS Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TFSL. Wells Fargo & Company MN grew its position in TFS Financial by 10.1% during the fourth quarter. Wells Fargo & Company MN now owns 8,419 shares of the bank’s stock worth $113,000 after buying an additional 770 shares in the last quarter. Legal & General Group Plc grew its position in TFS Financial by 1.3% during the second quarter. Legal & General Group Plc now owns 60,358 shares of the bank’s stock worth $782,000 after buying an additional 789 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after buying an additional 841 shares in the last quarter. Prasad Wealth Partners LLC grew its position in TFS Financial by 9.0% during the fourth quarter. Prasad Wealth Partners LLC now owns 11,781 shares of the bank’s stock worth $158,000 after buying an additional 971 shares in the last quarter. Finally, Kestra Investment Management LLC grew its position in TFS Financial by 0.5% during the fourth quarter. Kestra Investment Management LLC now owns 214,499 shares of the bank’s stock worth $2,870,000 after buying an additional 1,017 shares in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.