Zacks Investment Research Upgrades Capitol Federal Financial (NASDAQ:CFFN) to Buy

Zacks Investment Research upgraded shares of Capitol Federal Financial (NASDAQ:CFFN) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. Zacks Investment Research currently has $12.00 price objective on the savings and loans company’s stock.

According to Zacks, “Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Savings Bank is the only operating subsidiary. The bank is a community-oriented financial institution offering a variety of financial services to meet the needs of the 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. “

Separately, TheStreet lowered Capitol Federal Financial from a b- rating to a c+ rating in a report on Monday, July 19th.

Shares of CFFN opened at $11.41 on Wednesday. The firm has a market cap of $1.58 billion, a PE ratio of 20.75 and a beta of 0.32. Capitol Federal Financial has a twelve month low of $8.85 and a twelve month high of $14.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day moving average price is $11.23 and its 200 day moving average price is $12.25.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Thursday, July 29th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $47.81 million for the quarter, compared to analyst estimates of $47.82 million. Capitol Federal Financial had a return on equity of 5.97% and a net margin of 25.80%. On average, sell-side analysts anticipate that Capitol Federal Financial will post 0.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.98%. The ex-dividend date was Thursday, August 5th. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 72.34%.

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in Capitol Federal Financial by 863.1% in the first quarter. Captrust Financial Advisors now owns 2,504 shares of the savings and loans company’s stock valued at $33,000 after buying an additional 2,244 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Capitol Federal Financial during the first quarter valued at about $36,000. Point72 Hong Kong Ltd boosted its stake in shares of Capitol Federal Financial by 146.5% during the first quarter. Point72 Hong Kong Ltd now owns 2,963 shares of the savings and loans company’s stock valued at $39,000 after purchasing an additional 1,761 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Capitol Federal Financial by 400.0% during the second quarter. Nisa Investment Advisors LLC now owns 7,500 shares of the savings and loans company’s stock valued at $88,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Capitol Federal Financial by 192.0% during the second quarter. Royal Bank of Canada now owns 11,135 shares of the savings and loans company’s stock valued at $131,000 after purchasing an additional 7,322 shares in the last quarter. 75.44% of the stock is currently owned by institutional investors and hedge funds.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is a holding company, which operates as a community-oriented financial institution. It offers a variety of financial products and services including checking and savings accounts, loans, and eBanking. The company was founded in 1893 and is headquartered in Topeka, KS.

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