Piper Sandler Increases Capitol Federal Financial (NASDAQ:CFFN) Price Target to $7.00

Capitol Federal Financial (NASDAQ:CFFN - Free Report) had its price target raised by Piper Sandler from $6.50 to $7.00 in a report released on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the savings and loans company's stock.

Other research analysts have also issued research reports about the company. StockNews.com upgraded Capitol Federal Financial from a "sell" rating to a "hold" rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price objective on shares of Capitol Federal Financial from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, July 25th.

Capitol Federal Financial Stock Up 2.1 %

CFFN stock traded up $0.14 during trading on Thursday, reaching $6.70. 1,077,438 shares of the company traded hands, compared to its average volume of 855,697. Capitol Federal Financial has a 12 month low of $4.27 and a 12 month high of $6.82. The business has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $5.59. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $896.01 million, a price-to-earnings ratio of -7.09 and a beta of 0.49.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Capitol Federal Financial had a negative net margin of 33.33% and a positive return on equity of 4.02%. The company had revenue of $99.70 million for the quarter, compared to analysts' expectations of $47.23 million. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities research analysts anticipate that Capitol Federal Financial will post 0.35 earnings per share for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.085 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.34 annualized dividend and a yield of 5.07%. Capitol Federal Financial's dividend payout ratio is currently -36.17%.

Institutional Trading of Capitol Federal Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. IFS Advisors LLC increased its holdings in Capitol Federal Financial by 1,865.5% in the 3rd quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company's stock valued at $26,000 after purchasing an additional 4,216 shares in the last quarter. GAMMA Investing LLC grew its holdings in Capitol Federal Financial by 153.7% during the 2nd quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company's stock valued at $53,000 after purchasing an additional 5,848 shares in the last quarter. Wealthstream Advisors Inc. purchased a new stake in Capitol Federal Financial during the 2nd quarter worth $55,000. EntryPoint Capital LLC acquired a new position in Capitol Federal Financial in the 1st quarter worth $62,000. Finally, CWM LLC grew its stake in shares of Capitol Federal Financial by 533.2% during the second quarter. CWM LLC now owns 11,783 shares of the savings and loans company's stock valued at $65,000 after acquiring an additional 9,922 shares in the last quarter. 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.