Capitol Federal Financial (NASDAQ:CFFN) Price Target Increased to $7.00 by Analysts at Piper Sandler

Capitol Federal Financial (NASDAQ:CFFN) had its price target raised by Piper Sandler from $5.50 to $7.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the savings and loans company’s stock.

A number of other research firms also recently issued reports on CFFN. Keefe, Bruyette & Woods reiterated a market perform rating and set a $6.00 price objective (down from $7.00) on shares of Capitol Federal Financial in a report on Thursday, April 25th. StockNews.com upgraded Capitol Federal Financial from a sell rating to a hold rating in a report on Wednesday, July 17th.

Capitol Federal Financial Stock Up 3.3 %

Shares of Capitol Federal Financial stock opened at $6.48 on Thursday. Capitol Federal Financial has a 1 year low of $4.22 and a 1 year high of $6.87. The business has a 50-day moving average of $5.51 and a two-hundred day moving average of $5.60. The company has a market capitalization of $866.57 million, a P/E ratio of -6.89 and a beta of 0.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.34 and a quick ratio of 1.34.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $99.70 million for the quarter, compared to the consensus estimate of $47.23 million. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. During the same quarter in the previous year, the business posted $0.06 earnings per share. As a group, equities analysts predict that Capitol Federal Financial will post 0.35 EPS for the current year.

Capitol Federal Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a $0.085 dividend. The ex-dividend date is Thursday, August 1st. This represents a $0.34 dividend on an annualized basis and a yield of 5.25%. Capitol Federal Financial’s dividend payout ratio is -36.17%.

Insider Buying and Selling at Capitol Federal Financial

In related news, Director Jeffrey M. Johnson purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was purchased at an average cost of $5.12 per share, for a total transaction of $51,200.00. Following the completion of the purchase, the director now directly owns 97,900 shares in the company, valued at $501,248. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Capitol Federal Financial

A number of hedge funds have recently made changes to their positions in CFFN. SG Americas Securities LLC lifted its position in shares of Capitol Federal Financial by 118.8% in the fourth quarter. SG Americas Securities LLC now owns 23,365 shares of the savings and loans company’s stock valued at $151,000 after buying an additional 12,688 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Capitol Federal Financial by 17.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 327,818 shares of the savings and loans company’s stock valued at $2,114,000 after buying an additional 48,485 shares during the last quarter. Midwest Financial Group LLC lifted its position in shares of Capitol Federal Financial by 4.9% in the fourth quarter. Midwest Financial Group LLC now owns 58,610 shares of the savings and loans company’s stock valued at $378,000 after buying an additional 2,750 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Capitol Federal Financial by 172.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,830 shares of the savings and loans company’s stock valued at $51,000 after buying an additional 4,960 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Capitol Federal Financial in the fourth quarter valued at approximately $127,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.