TFS Financial (NASDAQ:TFSL) Announces Quarterly Earnings Results

TFS Financial (NASDAQ:TFSLGet Rating) announced its quarterly earnings results on Thursday. The bank reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06, MarketWatch Earnings reports. TFS Financial had a net margin of 17.12% and a return on equity of 4.18%.

TFS Financial stock opened at $14.99 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 57.66 and a beta of 0.42. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.45 and a current ratio of 1.45. TFS Financial has a one year low of $14.81 and a one year high of $22.54. The stock has a fifty day moving average of $16.28 and a 200 day moving average of $17.68.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Tuesday, March 8th were issued a dividend of $0.2825 per share. This is an increase from TFS Financial’s previous quarterly dividend of $0.28. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend was Monday, March 7th. TFS Financial’s dividend payout ratio is presently 434.63%.

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in TFS Financial during the fourth quarter valued at $4,107,000. Virtu Financial LLC purchased a new stake in TFS Financial during the fourth quarter valued at $182,000. Glenmede Trust Co. NA increased its position in TFS Financial by 52.5% during the fourth quarter. Glenmede Trust Co. NA now owns 23,240 shares of the bank’s stock valued at $414,000 after acquiring an additional 8,000 shares during the last quarter. NEXT Financial Group Inc increased its position in TFS Financial by 40.3% during the fourth quarter. NEXT Financial Group Inc now owns 14,534 shares of the bank’s stock valued at $260,000 after acquiring an additional 4,172 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in TFS Financial during the fourth quarter valued at $962,000. Institutional investors own 8.91% of the company’s stock.

Separately, StockNews.com assumed coverage on TFS Financial in a report on Thursday, March 31st. They set a “hold” rating on the stock.

About TFS Financial (Get Rating)

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.

Further Reading

Earnings History for TFS Financial (NASDAQ:TFSL)

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