Piper Sandler Lowers Capitol Federal Financial (NASDAQ:CFFN) Price Target to $5.50

Capitol Federal Financial (NASDAQ:CFFN) had its price target cut by equities researchers at Piper Sandler from $6.00 to $5.50 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the savings and loans company’s stock. Piper Sandler’s target price would suggest a potential upside of 14.35% from the company’s current price.

Separately, StockNews.com raised shares of Capitol Federal Financial to a “sell” rating in a report on Tuesday, January 23rd.

Capitol Federal Financial Stock Down 3.0 %

Shares of NASDAQ:CFFN opened at $4.81 on Thursday. The firm’s 50 day moving average price is $5.61 and its 200 day moving average price is $5.66. The stock has a market cap of $643.24 million, a price-to-earnings ratio of -5.12 and a beta of 0.42. Capitol Federal Financial has a fifty-two week low of $4.22 and a fifty-two week high of $6.88. The company has a quick ratio of 1.37, a current ratio of 1.34 and a debt-to-equity ratio of 2.29.

Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Wednesday, January 24th. The savings and loans company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $82.80 million for the quarter, compared to analysts’ expectations of $40.45 million. Capitol Federal Financial had a negative net margin of 33.99% and a positive return on equity of 3.85%. During the same quarter last year, the company earned $0.12 earnings per share. As a group, equities research analysts predict that Capitol Federal Financial will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Capitol Federal Financial

In related news, Director Morris J. Huey II purchased 5,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $5.70 per share, for a total transaction of $28,500.00. Following the completion of the purchase, the director now directly owns 271,000 shares of the company’s stock, valued at approximately $1,544,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Capitol Federal Financial news, Director Morris J. Huey II bought 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $5.70 per share, for a total transaction of $28,500.00. Following the completion of the transaction, the director now owns 271,000 shares in the company, valued at approximately $1,544,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rick C. Jackson bought 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $5.68 per share, for a total transaction of $56,800.00. Following the completion of the transaction, the executive vice president now owns 181,428 shares of the company’s stock, valued at approximately $1,030,511.04. The disclosure for this purchase can be found here. Insiders have purchased 21,990 shares of company stock worth $125,141 over the last three months. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Capitol Federal Financial

A number of hedge funds have recently modified their holdings of the business. AE Wealth Management LLC lifted its holdings in shares of Capitol Federal Financial by 222.3% during the third quarter. AE Wealth Management LLC now owns 48,657 shares of the savings and loans company’s stock worth $232,000 after purchasing an additional 33,562 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Capitol Federal Financial during the third quarter worth $51,000. Commonwealth Equity Services LLC lifted its holdings in shares of Capitol Federal Financial by 25.0% during the third quarter. Commonwealth Equity Services LLC now owns 71,027 shares of the savings and loans company’s stock worth $339,000 after purchasing an additional 14,184 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Capitol Federal Financial by 10.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 82,149 shares of the savings and loans company’s stock worth $392,000 after purchasing an additional 7,958 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Capitol Federal Financial by 107.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,770 shares of the savings and loans company’s stock worth $161,000 after purchasing an additional 17,455 shares during the period. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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.