Piper Sandler Cuts Capitol Federal Financial (NASDAQ:CFFN) Price Target to $6.50

Capitol Federal Financial (NASDAQ:CFFN) had its price target cut by stock analysts at Piper Sandler from $7.00 to $6.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the savings and loans company’s stock. Piper Sandler’s price target would suggest a potential upside of 10.92% from the company’s current price.

Capitol Federal Financial Trading Up 2.6 %

Shares of CFFN stock opened at $5.86 on Thursday. The business has a 50-day moving average of $6.14 and a 200 day moving average of $6.11. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.31 and a quick ratio of 1.31. Capitol Federal Financial has a 1-year low of $4.76 and a 1-year high of $7.20. The stock has a market capitalization of $778.03 million, a PE ratio of 20.21 and a beta of 0.51.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.69% and a net margin of 9.95%. As a group, sell-side analysts anticipate that Capitol Federal Financial will post 0.45 earnings per share for the current year.

Insider Activity at Capitol Federal Financial

In other Capitol Federal Financial news, Director James G. Morris acquired 15,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of $6.84 per share, for a total transaction of $102,600.00. Following the transaction, the director now owns 85,995 shares in the company, valued at $588,205.80. This represents a 21.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Trading of Capitol Federal Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Capitol Federal Financial by 20.7% in the third quarter. GAMMA Investing LLC now owns 11,648 shares of the savings and loans company’s stock worth $68,000 after buying an additional 1,995 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Capitol Federal Financial by 10.0% during the third quarter. Diversified Trust Co now owns 26,573 shares of the savings and loans company’s stock valued at $155,000 after purchasing an additional 2,425 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Capitol Federal Financial by 9.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,215 shares of the savings and loans company’s stock worth $194,000 after purchasing an additional 2,731 shares in the last quarter. KBC Group NV grew its stake in shares of Capitol Federal Financial by 59.8% in the 3rd quarter. KBC Group NV now owns 9,256 shares of the savings and loans company’s stock worth $54,000 after buying an additional 3,463 shares during the last quarter. Finally, IFS Advisors LLC raised its stake in Capitol Federal Financial by 1,865.5% during the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock valued at $26,000 after buying an additional 4,216 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

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.