Capitol Federal Financial (NASDAQ:CFFN) PT Raised to $7.00 at Piper Sandler

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

Several other analysts also recently weighed in on CFFN. StockNews.com raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their target price on Capitol Federal Financial from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

Capitol Federal Financial Stock Down 2.8 %

Capitol Federal Financial stock opened at $6.51 on Thursday. Capitol Federal Financial has a 1-year low of $4.53 and a 1-year high of $6.82. The business has a fifty day moving average price of $5.90 and a 200-day moving average price of $5.61. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $870.60 million, a price-to-earnings ratio of -6.93 and a beta of 0.49.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. The business had revenue of $101.65 million for the quarter, compared to analyst estimates of $45.40 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Equities research analysts forecast that Capitol Federal Financial will post 0.35 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, November 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is currently -36.17%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CFFN. Renaissance Technologies LLC boosted its holdings in Capitol Federal Financial by 4.9% in the second quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock valued at $23,827,000 after purchasing an additional 203,200 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Capitol Federal Financial by 59.9% in the second quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock worth $8,207,000 after buying an additional 560,103 shares during the last quarter. Millennium Management LLC grew its holdings in Capitol Federal Financial by 28.1% during the second quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company’s stock worth $4,566,000 after acquiring an additional 182,683 shares during the period. Panagora Asset Management Inc. raised its position in Capitol Federal Financial by 7.0% during the second quarter. Panagora Asset Management Inc. now owns 644,737 shares of the savings and loans company’s stock valued at $3,540,000 after acquiring an additional 41,990 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Capitol Federal Financial by 54.8% in the third quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company’s stock valued at $3,341,000 after acquiring an additional 202,614 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

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.