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

Capitol Federal Financial (NASDAQ:CFFN) had its price objective increased by Piper Sandler from $6.50 to $7.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the savings and loans company’s stock.

CFFN has been the topic of several other research reports. Keefe, Bruyette & Woods increased their target price on Capitol Federal Financial from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, July 25th. StockNews.com raised Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th.

Capitol Federal Financial Trading Down 1.9 %

Shares of CFFN traded down $0.13 during trading hours on Thursday, hitting $6.57. 132,108 shares of the stock traded hands, compared to its average volume of 852,054. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.25. Capitol Federal Financial has a 1-year low of $4.53 and a 1-year high of $6.82. The firm has a market capitalization of $878.63 million, a PE ratio of -7.13 and a beta of 0.49. The business has a fifty day moving average of $5.89 and a 200-day moving average of $5.60.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. The firm had revenue of $101.65 million for the quarter, compared to analyst estimates of $45.40 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Analysts expect that Capitol Federal Financial will post 0.35 EPS for the current year.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.085 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.18%. Capitol Federal Financial’s payout ratio is -36.17%.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in shares of Capitol Federal Financial by 59.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock valued at $8,207,000 after purchasing an additional 560,103 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Capitol Federal Financial in the 2nd quarter valued at about $1,876,000. Renaissance Technologies LLC lifted its stake in shares of Capitol Federal Financial by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock valued at $23,827,000 after purchasing an additional 203,200 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Capitol Federal Financial by 54.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company’s stock valued at $3,341,000 after purchasing an additional 202,614 shares during the period. Finally, Millennium Management LLC raised its stake in Capitol Federal Financial by 28.1% during the 2nd quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company’s stock worth $4,566,000 after buying an additional 182,683 shares during the period. 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.