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

TFS Financial Co. (NASDAQ:TFSL) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.2825 per share by the bank on Thursday, March 20th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.42%.

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 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 Price Performance

Shares of TFSL stock opened at $13.42 on Friday. TFS Financial has a 52-week low of $11.70 and a 52-week high of $14.99. 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 firm has a market capitalization of $3.77 billion, a P/E ratio of 47.93 and a beta of 0.72. The stock has a 50 day moving average price of $12.94 and a 200 day moving average price of $13.18.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. As a group, sell-side analysts predict that TFS Financial will post 0.29 earnings per share for the current year.

Insider Buying and Selling at TFS Financial

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and set a $15.00 price target on shares of TFS Financial in a research note on Friday, November 22nd.

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.