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


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, 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.

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