TFS Financial Corporation (TFSL) is Downgraded by Piper Jaffray to Neutral

TFS Financial Corporation (TFSL) was Downgraded by Piper Jaffray to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on TFS Financial Corporation. Shares were Reiterated by Piper Jaffray on Jun 15, 2016 to “Overweight” and Lowered the Price Target to $ 19 from a previous price target of $21 .

On the company’s financial health, TFS Financial Corporation reported $0.07 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.07.Analysts expectations of $ 69.28.During the same quarter in the previous year, the company posted $0.06 EPS.

TFS Financial Corporation opened for trading at $18.45 and hit $18.57 on the upside on Wednesday, eventually ending the session at $18.5, with a gain of 0.22% or 0.04 points. The heightened volatility saw the trading volume jump to 2,20,463 shares. Company has a market cap of $5,279 M.

In a different news, on Aug 9, 2016, David S Huffman (Chief Financial Officer) sold 6,119 shares at $18.43 per share price. According to the SEC, on Aug 5, 2016, Marc A Stefanski (Chairman, President and CEO) sold 55,676 shares at $18.08 per share price. On Jun 1, 2016, Paul J Huml (Chief Operating Officer) sold 2,739 shares at $18.37 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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