PiperJaffray Downgrades TFS Financial Corporation to Neutral

Brokerage firm PiperJaffray Downgrades its rating on TFS Financial Corporation(NASDAQ:TFSL). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by PiperJaffray was issued on Aug 19, 2016.

TFS Financial Corporation (TFSL) remained unchanged at the close of Monday session. Even as the volume increased to 3,38,834 ,the shares failed to make any impression and ended at 0 points or 0.00% at $18.34. The trading session commenced at $18.37 and the stock hit a high of $18.38 and touched $18.26 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $19.42 and the 52-week low is $15.58. The company has a market cap of $5,233 M and has approximately 28,53,35,830 outstanding shares.

TFS Financial Corporation(TFSL) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $73.50M. Analysts had an estimated revenue of $69.28M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.07.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, David S Huffman (Chief Financial Officer) sold 6,119 shares at $18.43 per share price.Also, 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.

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