TFS Financial (NASDAQ:TFSL) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

TFS Financial (NASDAQ:TFSL) released its quarterly earnings results on Tuesday. The bank reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01, Yahoo Finance reports. The company had revenue of $191.15 million for the quarter. TFS Financial had a return on equity of 4.26% and a net margin of 10.97%.

TFS Financial Stock Performance

NASDAQ TFSL traded down $0.56 during trading hours on Thursday, hitting $13.00. The company’s stock had a trading volume of 408,162 shares, compared to its average volume of 272,119. TFS Financial has a 12 month low of $10.97 and a 12 month high of $15.25. The company’s 50 day simple moving average is $12.90 and its two-hundred day simple moving average is $12.88. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $3.65 billion, a P/E ratio of 50.22 and a beta of 0.68.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date was Tuesday, June 11th. TFS Financial’s payout ratio is 418.52%.

Insider Activity

In related news, insider Bradley T. Stefanski sold 3,750 shares of TFS Financial stock in a transaction on Monday, May 6th. The stock was sold at an average price of $13.22, for a total value of $49,575.00. Following the completion of the sale, the insider now owns 47,959 shares of the company’s stock, valued at $634,017.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bradley T. Stefanski sold 3,750 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $13.22, for a total value of $49,575.00. Following the completion of the sale, the insider now directly owns 47,959 shares in the company, valued at approximately $634,017.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Meredith S. Weil sold 4,087 shares of TFS Financial stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $12.57, for a total transaction of $51,373.59. Following the transaction, the chief financial officer now directly owns 102,332 shares in the company, valued at approximately $1,286,313.24. The disclosure for this sale can be found here. Insiders sold 21,237 shares of company stock valued at $277,025 over the last three months. Insiders own 1.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TFSL. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $14.00 target price (down from $15.00) on shares of TFS Financial in a report on Thursday, May 2nd. StockNews.com cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st.

About TFS Financial

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.