Piper Sandler Raises Capitol Federal Financial (NASDAQ:CFFN) Price Target to $8.50

Capitol Federal Financial (NASDAQ:CFFN) had its target price upped by Piper Sandler from $8.00 to $8.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the savings and loans company’s stock. Piper Sandler’s price target suggests a potential upside of 9.47% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capitol Federal Financial in a research report on Friday, March 27th. Keefe, Bruyette & Woods increased their target price on Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.00.

Capitol Federal Financial Price Performance

Shares of CFFN stock opened at $7.77 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.24 and a current ratio of 1.21. Capitol Federal Financial has a fifty-two week low of $5.51 and a fifty-two week high of $7.97. The firm has a market cap of $1.01 billion, a P/E ratio of 12.94 and a beta of 0.70. The business’s 50 day moving average price is $7.32 and its 200-day moving average price is $6.97.

Capitol Federal Financial (NASDAQ:CFFN) last announced its earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%. The business had revenue of $56.62 million for the quarter, compared to the consensus estimate of $56.97 million. On average, equities research analysts anticipate that Capitol Federal Financial will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Capitol Federal Financial

A number of institutional investors and hedge funds have recently made changes to their positions in CFFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $412,000 after purchasing an additional 3,036 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Capitol Federal Financial in the 1st quarter worth approximately $119,000. Caxton Associates LLP purchased a new stake in shares of Capitol Federal Financial in the 1st quarter worth approximately $315,000. Jane Street Group LLC increased its position in Capitol Federal Financial by 18.4% during the 1st quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock valued at $1,173,000 after buying an additional 32,523 shares in the last quarter. Finally, Strs Ohio bought a new position in Capitol Federal Financial during the 1st quarter valued at approximately $59,000. Institutional investors own 88.51% of the company’s stock.

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.