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TFS Financial missed earnings and revenue forecasts, causing its stock to drop 9.2% despite a high dividend yield.
TFS Financial (TFSL) shares dropped 9.2% on Friday after reporting third-quarter earnings of $0.08 per share, missing the $0.09 estimate, and revenue of $83.73 million, below the $84.97 million forecast.
The stock closed at $13.34, with trading volume far below average.
The company, which operates TFS Capital Bank in Austin, Texas, offers commercial banking and specialty finance to small and mid-sized businesses.
Despite a dividend yield of 8.3% and an annualized payout of $1.13, the payout ratio of 353% suggests dividends exceed earnings.
Analysts maintain a consensus "Hold" rating with a $15.00 target.
Insiders sold $665,316 in shares over three months.
TFS Financial no cumplió con las previsiones de ganancias e ingresos, lo que provocó que sus acciones cayeran un 9,2% a pesar de un alto rendimiento de dividendos.