TFS Financial (NASDAQ:TFSL) Announces Quarterly Earnings Results

TFS Financial (NASDAQ:TFSL) issued its quarterly earnings results on Wednesday. The bank reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06, RTT News reports. TFS Financial had a return on equity of 4.25% and a net margin of 10.97%. The company had revenue of $194.94 million for the quarter. During the same period in the prior year, the business posted $0.07 earnings per share.

TFS Financial Stock Performance

NASDAQ:TFSL traded down $0.26 during trading hours on Thursday, hitting $12.97. 65,306 shares of the company traded hands, compared to its average volume of 261,102. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. TFS Financial has a twelve month low of $11.70 and a twelve month high of $15.25. The firm has a 50-day moving average of $13.04 and a 200 day moving average of $12.92. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 48.19 and a beta of 0.68.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.71%. TFS Financial’s payout ratio is 418.52%.

Insiders Place Their Bets

In related news, CFO Meredith S. Weil sold 6,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total transaction of $85,085.00. Following the transaction, the chief financial officer now directly owns 91,216 shares in the company, valued at $1,194,017.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of TFS Financial stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the sale, the chief financial officer now owns 91,216 shares in the company, valued at $1,194,017.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc A. Stefanski sold 16,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total transaction of $205,120.00. Following the completion of the sale, the chief executive officer now directly owns 227,080 shares in the company, valued at $2,911,165.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,500 shares of company stock worth $546,605 in the last ninety days. Insiders own 1.13% of the company’s stock.

About TFS Financial

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.