Capitol Federal Financial (NASDAQ:CFFN – Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report released on Friday, Zacks.com reports. The company currently has a target price of $11.00 on shares of the savings and loan company. Zacks Investment ResearchThe target price of indicates a potential upside of 8.37% from the company’s current price.
According to Zacks, “Capitol Federal Financial is a federally chartered intermediary holding company. Capitol Federal Savings Bank is the sole operating subsidiary. The bank is a community-focused financial institution offering a variety of financial services to meet the needs of communities. We serve. They attract retail deposits from the general public and invest those funds primarily in permanent loans secured by first mortgages on owner-occupied single to four-family residences.”
CFFN has been the subject of a number of other reports. TheStreet downgraded Capitol Federal Financial from a “b-” rating to a “c+” rating in a Thursday, May 12 research report. StockNews.com began covering Capitol Federal Financial in a research report on Thursday, March 31. They have set a “holding” rating on the stock.
Shares of CFFN rose $0.08 during Friday trading hours, hitting $10.15. The company had a trading volume of 307,965 shares, compared to an average volume of 682,696. Capitol Federal Financial has a 12-month low of $9.36 and a 12-month high of $13.17. The company has a market capitalization of $1.41 billion, a price-earnings ratio of 17.20 and a beta of 0.39. The company’s fifty-day moving average is $10.23 and its 200-day moving average is $10.99. The company has a debt ratio of 1.35, a quick ratio of 1.09 and a current ratio of 1.09.
Capitol Federal Financial (NASDAQ:CFFN – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The savings and loan company reported earnings per share of $0.16 for the quarter, beating the consensus estimate of $0.14 by $0.02. Capitol Federal Financial had a return on equity of 6.61% and a net margin of 29.42%. The company posted revenue of $52.52 million for the quarter, versus analyst estimates of $51.67 million. During the same period of the previous year, the company posted EPS of $0.15. On average, sell-side analysts expect Capitol Federal Financial to post 0.62 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of CFFN. Point72 Hong Kong Ltd acquired a new position in Capitol Federal Financial during Q4 worth $31,000. Captrust Financial Advisors increased its stake in shares of Capitol Federal Financial by 90.9% in Q3. Captrust Financial Advisors now owns 4,731 shares in the savings and loan company valued at $54,000 after buying 2,253 additional shares during the period. Teton Advisors Inc. acquired a new position in shares of Capitol Federal Financial in Q4 worth $113,000. Bridgefront Capital LLC acquired a new position in shares of Capitol Federal Financial in Q1 worth $114,000. Finally, Financial Advisory Service Inc. acquired a new position in shares of Capitol Federal Financial in Q3 worth $120,000. 80.40% of the shares are currently held by hedge funds and other institutional investors.
Capitol Federal Financial Corporation Profile (Get a rating)
Capitol Federal Financial, Inc operates as a holding company for Capitol Federal Savings Bank which provides various retail banking products and services in the United States. The Company accepts a range of deposit products, including savings accounts, money market deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
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