Capitol Federal Financial (NASDAQ: CFFN) raised to buy from Zacks Investment Research


[ad_1]

Capitol Federal Financial (NASDAQ: CFFN) has been improved by Zacks investment research from a “hold” note to a “buy” note in a research note issued to investors on Monday, Zacks.com reports. The brokerage firm currently has a target price of $ 15.00 on the shares of the savings and loan company. Zacks investment researchThe price target indicates a potential rise of 14.77% from the current share price.

According to Zacks, “Capitol Federal Financial is a federally chartered mid-level holding company. Capitol Federal Savings Bank is the only operating subsidiary. The bank is a community-based financial institution providing 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 one to four family residences. “

Actions of NASDAQ: CFFN traded down $ 0.20 when trading on Monday, reaching $ 13.07. The company’s 388,110 shares were traded in the hands, compared to its average volume of 548,865. Capitol Federal Financial has a 52-week low of $ 8.75 and a 52-week high of $ 14.38. The company has a current ratio of 1.06, a quick ratio of 1.06, and a debt ratio of 1.24. The company has a market cap of $ 1.81 billion, a price-to-earnings ratio of 23.34 and a beta of 0.32. The company has a 50-day moving average price of $ 13.11 and a 200-day moving average price of $ 12.94.

Capitol Federal Financial (NASDAQ: CFFN) last released its quarterly results on Thursday, April 29. The savings and loan company reported earnings per share (EPS) of $ 0.15 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.11 from $ 0.04. Capitol Federal Financial achieved a return on equity of 6.00% and a net margin of 25.23%. The company posted revenue of $ 55.55 million in the quarter, compared to the consensus estimate of $ 46.92 million. On average, analysts expect Capitol Federal Financial to post 0.52 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of CFFN. BlackRock Inc. increased its stake in Capitol Federal Financial by 106.2% during the fourth quarter. BlackRock Inc. now owns 20,172,073 shares of the savings and loan company valued at $ 252,149,000 after purchasing an additional 10,387,429 shares in the last quarter. Bank of New York Mellon Corp strengthened its position in Capitol Federal Financial by 105.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,760,059 shares of the savings and loan company valued at $ 22,001,000 after acquiring an additional 904,897 shares in the last quarter. Principal Financial Group Inc. strengthened its position in Capitol Federal Financial by 8,724.8% during the 4th quarter. Principal Financial Group Inc. now owns 887,947 shares of the savings and loan company valued at $ 11,099,000 after acquiring an additional 877,885 shares in the last quarter. Norges Bank purchased a new stake in Capitol Federal Financial during the 4th quarter valued at approximately $ 10,272,000. Finally, Morgan Stanley strengthened its position in Capitol Federal Financial shares by 1,127.0% in the 4th quarter. Morgan Stanley now owns 520,637 shares of the savings and loan company valued at $ 6,507,000 after purchasing an additional 478,206 shares in the last quarter. 78.62% of the shares are held by hedge funds and other institutional investors.

Capitol Federal Financial Company Profile

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 and unpaid checking accounts, and certificates of deposit.

Learn more: Balanced Fund

Get a free copy of Zacks’ Capitol Federal Financial (CFFN) research report

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What are cryptocurrencies?

7 Precious Metals Stocks That Will Keep Your Portfolio On Trend

The growing acceptance of cryptocurrency is starting to cause mainstream investors to rethink their idea of ​​’store of value’. The fashionable possibilities of Bitcoin, Ethereum, and one of the dozens of altcoins that exist on the blockchain are all the rage.

However, the problem with fashion is that the more things change, the more things stay the same. Just like the simple black dress that won’t go out of style, so do stocks of precious metals. One way to think about it would be to say that the existence of a growing cryptocurrency market does not change the value of precious metals.

Precious metals have long been known to be a safe haven in times of market volatility and economic crisis. In fact, during the Covid-19 pandemic, gold prices jumped about 30%, crossing the $ 2,000 mark for the first time in its history. This was at a time when the prices of many cryptocurrencies were dropping.

And precious metals have also been seen as a hedge against inflation, which seems more secure with the Federal Reserve’s promise to keep interest rates historically low until 2023.

Whether you are looking to take your first steps in building a precious metals portfolio or want to refine the one you have, we think this special presentation is a good starting point for your research. We’ve identified seven precious metals stocks that are expected to retain their appeal in 2021.

See “7 Precious Metals Stocks That Will Keep Your Portfolio On Trend.”

[ad_2]

About Wanda Reilly

Check Also

Former Ukrainian governor accuses authorities of abuse of power

Former Central Bank of Ukraine Governor Kyrylo Shevchenko has accused two of the country’s anti-corruption …

Leave a Reply

Your email address will not be published.