Piper Sandler Begins Coverage on Capitol Federal Financial (NASDAQ:CFFN)

Stock analysts at Piper Sandler initiated coverage on shares of Capitol Federal Financial (NASDAQ:CFFN) in a report issued on Wednesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $7.00 price target on the savings and loans company’s stock. Piper Sandler’s price objective points to a potential upside of 11.82% from the company’s previous close.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Capitol Federal Financial in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

Capitol Federal Financial Stock Performance

Shares of CFFN stock opened at $6.26 on Wednesday. Capitol Federal Financial has a 12 month low of $4.90 and a 12 month high of $7.20. The stock has a market cap of $831.45 million, a PE ratio of 13.32 and a beta of 0.64. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.98. The company’s fifty day moving average price is $6.34 and its 200-day moving average price is $6.00.

Capitol Federal Financial (NASDAQ:CFFN) last announced its earnings results on Wednesday, July 23rd. The savings and loans company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Capitol Federal Financial had a net margin of 14.87% and a return on equity of 5.92%. The firm had revenue of $50.75 million for the quarter, compared to analysts’ expectations of $50.51 million. On average, equities analysts expect that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Capitol Federal Financial

Large investors have recently modified their holdings of the stock. Summit Securities Group LLC purchased a new position in shares of Capitol Federal Financial in the 1st quarter worth about $26,000. Osaic Holdings Inc. raised its position in shares of Capitol Federal Financial by 474.6% in the 2nd quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 4,760 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Capitol Federal Financial by 450.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 6,058 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Capitol Federal Financial by 180.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Capitol Federal Financial in the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 88.51% 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 accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.