TFS Financial (NASDAQ:TFSL) Posts Quarterly Earnings Results, Hits Expectations

TFS Financial (NASDAQ:TFSL) announced its quarterly earnings data on Thursday. The bank reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09, FiscalAI reports. The business had revenue of $93.53 million during the quarter, compared to analyst estimates of $90.22 million. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%.

TFS Financial Stock Up 0.5%

TFS Financial stock traded up $0.09 during mid-day trading on Thursday, reaching $16.76. The stock had a trading volume of 833,572 shares, compared to its average volume of 809,943. TFS Financial has a one year low of $13.18 and a one year high of $19.49. The company has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $15.91. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 46.56 and a beta of 0.70. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66.

TFS Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.2825. TFS Financial’s dividend payout ratio (DPR) is presently 352.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TFSL shares. Wall Street Zen raised shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Weiss Ratings raised shares of TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler lifted their target price on shares of TFS Financial from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TFS Financial presently has a consensus rating of “Hold” and an average price target of $19.00.

Insider Activity

In related news, insider Bradley T. Stefanski sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.94, for a total transaction of $169,400.00. Following the completion of the sale, the insider owned 38,720 shares of the company’s stock, valued at $655,916.80. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gavin B. Stefanski sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $18.35, for a total transaction of $119,275.00. Following the sale, the insider directly owned 19,266 shares of the company’s stock, valued at $353,531.10. This trade represents a 25.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,100 shares of company stock valued at $299,475 over the last ninety days. Corporate insiders own 0.72% of the company’s stock.

TFS Financial Company Profile

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Founded in 1938, Third Federal provides banking and lending services to consumers, with a primary focus on residential real estate finance.

The company offers deposit products such as savings and checking accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgage loans, home equity loans and lines of credit, and other consumer-focused financing products.