Capitol Federal Financial (NASDAQ:CFFN) Stock Rating Upgraded by Zacks Research

Capitol Federal Financial (NASDAQ:CFFN) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Capitol Federal Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Piper Sandler initiated coverage on shares of Capitol Federal Financial in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price objective for the company. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Capitol Federal Financial presently has an average rating of “Reduce” and an average target price of $7.00.

Capitol Federal Financial Stock Performance

Shares of CFFN opened at $6.29 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.27 and a current ratio of 1.26. The company has a market capitalization of $835.46 million, a price-to-earnings ratio of 12.10 and a beta of 0.72. The company’s 50 day simple moving average is $6.33 and its 200 day simple moving average is $6.08. Capitol Federal Financial has a 1 year low of $4.90 and a 1 year high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $54.57 million for the quarter, compared to the consensus estimate of $53.46 million. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. During the same quarter last year, the firm posted $0.09 earnings per share. On average, sell-side analysts predict that Capitol Federal Financial will post 0.46 EPS for the current year.

Insider Activity

In other news, EVP Rick C. Jackson purchased 8,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $6.05 per share, with a total value of $48,400.00. Following the acquisition, the executive vice president owned 156,752 shares in the company, valued at approximately $948,349.60. This trade represents a 5.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Capitol Federal Financial

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Capitol Federal Financial by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,270,978 shares of the savings and loans company’s stock worth $7,117,000 after acquiring an additional 37,521 shares in the last quarter. Foundry Partners LLC grew its holdings in Capitol Federal Financial by 114.3% during the 1st quarter. Foundry Partners LLC now owns 734,510 shares of the savings and loans company’s stock worth $4,113,000 after acquiring an additional 391,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Capitol Federal Financial by 14.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,436 shares of the savings and loans company’s stock worth $187,000 after acquiring an additional 4,262 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Capitol Federal Financial by 20.8% during the 1st quarter. GSA Capital Partners LLP now owns 177,418 shares of the savings and loans company’s stock worth $994,000 after acquiring an additional 30,502 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Capitol Federal Financial in the 1st quarter worth about $12,763,000. 88.51% of the stock is owned by institutional investors and hedge funds.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.