TFS Financial (NASDAQ:TFSL) Releases Earnings Results, Beats Estimates By $0.02 EPS

TFS Financial (NASDAQ:TFSL) posted its quarterly earnings results on Thursday. The bank reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02, Zacks reports. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%.

TFS Financial Stock Up 0.3 %

Shares of TFSL traded up $0.04 during mid-day trading on Thursday, hitting $12.79. The company’s stock had a trading volume of 172,493 shares, compared to its average volume of 267,652. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 47.37 and a beta of 0.71. The company’s 50-day moving average is $13.05 and its 200-day moving average is $13.18. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.57. TFS Financial has a 52-week low of $11.70 and a 52-week high of $14.99.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $0.2825 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.13 annualized dividend and a dividend yield of 8.84%. TFS Financial’s dividend payout ratio is currently 418.53%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a research report on Friday, November 22nd.

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.