TFS Financial assumed with a Neutral at Piper Sandler

Piper Sandler analyst Alexander Twerdahl assumed coverage of TFS Financial with a Neutral rating and $14 price target. The analyst assumed coverage of six Ohio based banks. The firm sees an attractive economic backdrop in Ohio and an active merger and acquisition scene. First Financial Bancorp and are two that Piper views as most attractively valued versus their near term profitability profile.