Capitol Federal Financial (NASDAQ:CFFN) Price Target Raised to $12.00 at Piper Sandler

Capitol Federal Financial (NASDAQ:CFFN) had its price target lifted by Piper Sandler from $10.00 to $12.00 in a research report report published on Thursday morning, Anlyst Ratings reports. The brokerage currently has a neutral rating on the savings and loans company’s stock. Piper Sandler also issued estimates for Capitol Federal Financial’s Q1 2021 earnings at $0.12 EPS, Q4 2021 earnings at $0.11 EPS, Q1 2022 earnings at $0.12 EPS, Q2 2022 earnings at $0.12 EPS, Q3 2022 earnings at $0.13 EPS, Q4 2022 earnings at $0.13 EPS and FY2022 earnings at $0.50 EPS.

A number of other research analysts also recently commented on CFFN. TheStreet raised Capitol Federal Financial from a c rating to a b- rating in a report on Thursday, October 22nd. Zacks Investment Research downgraded Capitol Federal Financial from a buy rating to a hold rating in a report on Tuesday, September 29th. Finally, BidaskClub downgraded Capitol Federal Financial from a sell rating to a strong sell rating in a report on Friday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Capitol Federal Financial has an average rating of Hold and an average target price of $12.33.

Shares of NASDAQ CFFN traded up $0.14 on Thursday, hitting $11.36. The company had a trading volume of 15,349 shares, compared to its average volume of 794,847. Capitol Federal Financial has a 12-month low of $8.75 and a 12-month high of $14.50. The business has a 50 day moving average of $10.30 and a two-hundred day moving average of $10.66. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $1.59 billion, a P/E ratio of 23.02 and a beta of 0.42.

Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Wednesday, October 28th. The savings and loans company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Capitol Federal Financial had a return on equity of 5.25% and a net margin of 20.36%. On average, sell-side analysts anticipate that Capitol Federal Financial will post 0.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, November 5th. Capitol Federal Financial’s dividend payout ratio is currently 50.00%.

In other news, Director Jeffrey M. Johnson acquired 5,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $9.68 per share, for a total transaction of $48,400.00. Following the completion of the purchase, the director now directly owns 54,900 shares of the company’s stock, valued at approximately $531,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CFFN. First Trust Advisors LP raised its stake in Capitol Federal Financial by 26.8% during the second quarter. First Trust Advisors LP now owns 4,266,117 shares of the savings and loans company’s stock valued at $46,970,000 after buying an additional 902,388 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Capitol Federal Financial during the third quarter valued at approximately $1,873,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Capitol Federal Financial during the second quarter valued at approximately $1,352,000. Nuveen Asset Management LLC raised its position in shares of Capitol Federal Financial by 18.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 662,980 shares of the savings and loans company’s stock worth $7,299,000 after purchasing an additional 103,993 shares during the period. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Capitol Federal Financial during the 2nd quarter worth approximately $1,139,000. Hedge funds and other institutional investors own 73.85% of the company’s stock.

About Capitol Federal Financial

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 deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposits.

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