Piper Sandler Issues Positive Forecast for Capitol Federal Financial (NASDAQ:CFFN) Stock Price

Key Points

• Piper Sandler raised its price target on Capitol Federal Financial to $8.50 (from $8.00) and kept a neutral rating, implying roughly a 9.5% upside from the recent share price.
• Analysts collectively rate the stock a Hold with an average target of $8.00 and multiple firms issuing market-perform/hold recommendations.
• Capitol Federal (market cap ~$1.01B) reported Q1 EPS of $0.16 (missed by $0.01) and revenue slightly below estimates, and institutional investors own about 88.5% of the shares.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) had its price target lifted by equities researchers at Piper Sandler from $8.00 to $8.50 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the savings and loans company's stock. Piper Sandler's price objective points to a potential upside of 9.47% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the stock a "market perform" rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Capitol Federal Financial in a report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.00.

Capitol Federal Financial Stock Performance

NASDAQ:CFFN opened at $7.77 on Monday. The stock has a market cap of $1.01 billion, a P/E ratio of 12.94 and a beta of 0.70. The company has a quick ratio of 1.24, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. The business's 50-day moving average price is $7.32 and its two-hundred day moving average price is $6.97. Capitol Federal Financial has a twelve month low of $5.51 and a twelve month high of $7.97.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $56.62 million for the quarter, compared to analysts' expectations of $56.97 million. Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%. As a group, equities analysts predict that Capitol Federal Financial will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Capitol Federal Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company's stock valued at $412,000 after acquiring an additional 3,036 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Capitol Federal Financial in the 1st quarter worth approximately $119,000. Caxton Associates LLP purchased a new position in Capitol Federal Financial in the 1st quarter worth approximately $315,000. Jane Street Group LLC lifted its position in Capitol Federal Financial by 18.4% in the first quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company's stock valued at $1,173,000 after purchasing an additional 32,523 shares during the last quarter. Finally, Strs Ohio bought a new stake in Capitol Federal Financial in the first quarter valued at approximately $59,000. Hedge funds and other institutional investors own 88.51% of the company's stock.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation's largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.

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