Capitol Federal Financial (NASDAQ:CFFN) Price Target Cut to $6.50 by Analysts at Piper Sandler

Capitol Federal Financial (NASDAQ:CFFN) had its price objective cut by Piper Sandler from $7.00 to $6.50 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the savings and loans company’s stock.

Capitol Federal Financial Price Performance

NASDAQ CFFN opened at $5.86 on Thursday. Capitol Federal Financial has a 1-year low of $4.76 and a 1-year high of $7.20. The company has a market capitalization of $778.03 million, a price-to-earnings ratio of 15.03 and a beta of 0.51. The stock’s 50 day moving average is $6.13 and its two-hundred day moving average is $6.11. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. Equities analysts forecast that Capitol Federal Financial will post 0.45 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.34 dividend on an annualized basis and a yield of 5.80%. Capitol Federal Financial’s dividend payout ratio is 87.18%.

Insider Buying and Selling at Capitol Federal Financial

In other news, Director James G. Morris bought 15,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of $6.84 per share, for a total transaction of $102,600.00. Following the completion of the transaction, the director now directly owns 85,995 shares in the company, valued at $588,205.80. The trade was a 21.13 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Capitol Federal Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFFN. IFS Advisors LLC raised its stake in shares of Capitol Federal Financial by 1,865.5% during the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock worth $26,000 after buying an additional 4,216 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Capitol Federal Financial during the 4th quarter valued at $53,000. KBC Group NV lifted its stake in shares of Capitol Federal Financial by 59.8% in the 3rd quarter. KBC Group NV now owns 9,256 shares of the savings and loans company’s stock valued at $54,000 after purchasing an additional 3,463 shares during the period. Point72 DIFC Ltd bought a new position in shares of Capitol Federal Financial in the 3rd quarter worth $66,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Capitol Federal Financial during the third quarter worth $66,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

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.