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

Key Points

• TFS Financial met earnings expectations, reporting quarterly EPS of $0.09, while revenue of $93.53 million exceeded analyst estimates of $90.22 million.
• The stock rose 0.5% to $16.76, while the company increased its quarterly dividend to $0.3175, representing a 7.6% annualized yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $19.00; insiders sold 17,100 shares during the quarter.

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

TFS Financial Stock Up 0.5%

TFS Financial stock traded up $0.09 during midday trading on Thursday, hitting $16.76. The stock had a trading volume of 833,538 shares, compared to its average volume of 809,943. The business has a fifty day moving average price of $16.85 and a 200 day moving average price of $15.91. TFS Financial has a 12 month low of $13.18 and a 12 month high of $19.49. The stock has a market cap of $4.70 billion, a P/E ratio of 46.56 and a beta of 0.70. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 2.97.

TFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were issued a $0.3175 dividend. This is an increase from TFS Financial's previous quarterly dividend of $0.2825. This represents a $1.27 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Wednesday, September 9th. TFS Financial's dividend payout ratio is presently 352.78%.

Wall Street Analysts Forecast Growth

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

Insider Activity at TFS Financial

In other TFS Financial news, insider Bradley T. Stefanski sold 10,000 shares of TFS Financial stock in a transaction on Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the transaction, the insider owned 38,720 shares of the company's stock, valued at $655,916.80. The trade was a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gavin B. Stefanski sold 6,500 shares of the business's 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 sale, the insider owned 19,266 shares of the company's stock, valued at approximately $353,531.10. The trade was a 25.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,100 shares of company stock valued at $299,475. 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.

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