TFS Financial Corporation (TFSL) is Reiterated by Piper Jaffray to Overweight, Lowers Price Target to $ 19

TFS Financial Corporation (TFSL) was Reiterated by Piper Jaffray to “Overweight” while Lowering the Price Target of the company shares to $ 19 from a previous price target of $21 . Piper Jaffray advised their investors in a research report released on Jun 15, 2016.

On the company’s financial health, TFS Financial Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.06.Analysts expectations of $ 68.33.During the same quarter in the previous year, the company posted $0.05 EPS.

TFS Financial Corporation closed down -0.21 points or -1.19% at $17.38 with 1,86,192 shares getting traded on Tuesday. Post opening the session at $17.52, the shares hit an intraday low of $17.38 and an intraday high of $17.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 1, 2016, Paul J Huml (Chief Operating Officer) sold 2,739 shares at $18.37 per share price. According to the SEC, on May 20, 2016, David S Huffman (Chief Financial Officer) sold 13,501 shares at $18.00 per share price. On May 19, 2016, Marc A Stefanski (Chairman, President and CEO) sold 55,957 shares at $17.86 per share price, according to the Form-4 filing with the securities and exchange commission.

TFS Financial Corporation was organized as the holding company for Third Federal Savings and Loan Association of Cleveland (Third Federal Savings and Loan or the Association). The Company’s ownership of the Association remains its principal business activity. It also operates Third Capital Inc. as a wholly owned subsidiary. Third Capital Inc. has no separate operations other than as the holding company for its operating subsidiaries and as an investor or partner in other entities including investments in private equity funds. Third Capital Inc. is a partner of Hazelmere Investment Group I Ltd. This entity engages in net lease transactions of commercial buildings. Third Cap Associates Inc. maintains investments in private equity funds and owns 49% and 60% respectively of two title agencies that provide escrow and settlement services in the State of Ohio to customers of Third Federal Savings and Loan.

TFS Financial Corporation

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