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. In addition, it offers escrow and settlement services. The company provides its products and services through its main office in Cleveland, Ohio; and 37 full-service branches and 7 loan production offices located throughout the states of Ohio and Florida. The company was founded in 1938 and is headquartered in Cleveland, Ohio. TFS Financial Corporation operates as a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 30th.
TFS Financial Trading Up 1.5 %
TFSL traded up $0.23 during trading on Friday, hitting $15.44. 200,050 shares of the stock traded hands, compared to its average volume of 254,196. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.55 and a quick ratio of 1.49. The firm has a market capitalization of $4.33 billion, a P/E ratio of 64.34 and a beta of 0.49. TFS Financial has a 12-month low of $12.81 and a 12-month high of $20.50. The firm has a 50-day moving average of $14.03 and a 200 day moving average of $15.31.
TFS Financial (NASDAQ:TFSL - Get Rating) last posted its earnings results on Thursday, July 28th. The bank reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $76.98 million for the quarter, compared to analysts' expectations of $71.00 million. TFS Financial had a return on equity of 3.73% and a net margin of 16.11%. Equities research analysts anticipate that TFS Financial will post 0.26 EPS for the current year.
TFS Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend was Monday, June 6th. TFS Financial's dividend payout ratio (DPR) is presently 470.85%.