TFS Financial (NASDAQ:TFSL) Announces Earnings Results, Beats Expectations By $0.02 EPS

TFS Financial (NASDAQ:TFSL) announced its 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 Performance

Shares of TFSL traded up $0.04 during trading hours on Thursday, reaching $12.79. 172,493 shares of the company traded hands, compared to its average volume of 267,652. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57. The business has a fifty day moving average price of $13.05 and a 200-day moving average price of $13.18. TFS Financial has a 12-month low of $11.70 and a 12-month high of $14.99. The stock has a market capitalization of $3.59 billion, a P/E ratio of 47.37 and a beta of 0.71.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date was Tuesday, December 3rd. TFS Financial’s dividend payout ratio (DPR) is presently 418.53%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and issued a $15.00 price objective 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.