Keefe, Bruyette & Woods Issues Positive Forecast for Capitol Federal Financial (NASDAQ:CFFN) Stock Price

Capitol Federal Financial (NASDAQ:CFFN) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $6.50 to $7.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 3.95% from the company’s current price.

CFFN has been the topic of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Zacks Research raised Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Finally, Piper Sandler started coverage on Capitol Federal Financial in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price objective on the stock. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.25.

Capitol Federal Financial Stock Up 1.6%

NASDAQ CFFN traded up $0.12 during trading hours on Thursday, hitting $7.22. 313,595 shares of the company traded hands, compared to its average volume of 954,149. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50-day moving average is $6.81 and its 200-day moving average is $6.44. The stock has a market capitalization of $948.34 million, a price-to-earnings ratio of 13.86 and a beta of 0.69. Capitol Federal Financial has a twelve month low of $4.90 and a twelve month high of $7.40.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $56.02 million. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. Sell-side analysts anticipate that Capitol Federal Financial will post 0.46 earnings per share for the current year.

Insiders Place Their Bets

In other Capitol Federal Financial news, EVP Rick C. Jackson bought 8,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $6.05 per share, for a total transaction of $48,400.00. Following the completion of the transaction, the executive vice president directly owned 156,752 shares in the company, valued at approximately $948,349.60. The trade was a 5.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capitol Federal Financial

A number of institutional investors have recently added to or reduced their stakes in CFFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Capitol Federal Financial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock worth $412,000 after buying an additional 3,036 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Capitol Federal Financial during the 1st quarter worth $119,000. Caxton Associates LLP acquired a new position in Capitol Federal Financial in the 1st quarter worth about $315,000. Jane Street Group LLC raised its position in Capitol Federal Financial by 18.4% in the first quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock valued at $1,173,000 after purchasing an additional 32,523 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Capitol Federal Financial during the first quarter valued at about $59,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.