TFS Financial Corporation (TFSL) To Go Ex-Dividend on June 10th

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, May 28th. Stockholders 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 dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, June 10th.

TFS Financial has increased its dividend payment by an average of 0.0%annually 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. Equities 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 Stock Performance

TFSL opened at $16.42 on Monday. 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 market cap of $4.60 billion, a PE ratio of 49.76 and a beta of 0.72. The stock’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $14.44. TFS Financial has a 1 year low of $12.53 and a 1 year high of $16.50.

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

Insider Buying and Selling at TFS Financial

In other news, Director Daniel F. Weir acquired 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired 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 owned 51,043 shares in the company, valued at $761,051.13. This represents a 69.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Meredith S. Weil sold 13,756 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $14.91, for a total value of $205,101.96. Following the transaction, the chief financial officer directly owned 38,480 shares of the company’s stock, valued at $573,736.80. This trade represents a 26.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 40,000 shares of company stock valued at $596,050 and have sold 34,461 shares valued at $523,201. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Gator Capital Management LLC acquired a new stake in shares of TFS Financial in the fourth quarter valued at approximately $6,290,000. Lakewood Capital Management LP lifted its position in shares of TFS Financial by 19.9% in the third quarter. Lakewood Capital Management LP now owns 2,533,382 shares of the bank’s stock valued at $33,377,000 after buying an additional 420,000 shares during the last quarter. Norges Bank acquired a new stake in shares of TFS Financial in the fourth quarter valued at approximately $5,248,000. State Street Corp lifted its position in shares of TFS Financial by 24.6% in the fourth quarter. State Street Corp now owns 1,966,004 shares of the bank’s stock valued at $26,305,000 after buying an additional 387,992 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of TFS Financial by 23.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,869,302 shares of the bank’s stock valued at $25,011,000 after buying an additional 352,093 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors.

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.