TFS Financial (NASDAQ:TFSL) Releases Quarterly Earnings Results

TFS Financial (NASDAQ:TFSL) released its earnings results on Thursday. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09, FiscalAI reports. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. The company had revenue of $93.53 million during the quarter, compared to analysts’ expectations of $90.22 million.

TFS Financial Trading Down 1.2%

Shares of NASDAQ:TFSL opened at $16.57 on Friday. TFS Financial has a 12-month low of $13.18 and a 12-month high of $19.49. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $4.65 billion, a P/E ratio of 47.09 and a beta of 0.70. The firm has a fifty day moving average of $16.84 and a two-hundred day moving average of $15.93.

TFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were given a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.7%. This is a positive change from TFS Financial’s previous quarterly dividend of $0.2825. The ex-dividend date of this dividend was Wednesday, September 9th. TFS Financial’s payout ratio is currently 352.78%.

Analysts Set New Price Targets

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

Insider Transactions at TFS Financial

In other news, insider Gavin B. Stefanski sold 6,500 shares of the stock in a transaction 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 transaction, the insider owned 19,266 shares in the company, valued at $353,531.10. This represents a 25.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley T. Stefanski sold 10,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was 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 represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,100 shares of company stock valued at $299,475 over the last ninety days. Company 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.