Keefe, Bruyette & Woods Reaffirms “Market Perform” Rating for Capitol Federal Financial (NASDAQ:CFFN)

Capitol Federal Financial (NASDAQ:CFFN)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a report released on Thursday, Benzinga reports. They currently have a $6.00 target price on the savings and loans company’s stock, down from their previous target price of $7.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 22.20% from the company’s current price.

Several other equities research analysts also recently issued reports on CFFN. StockNews.com upgraded Capitol Federal Financial to a “sell” rating in a research report on Tuesday, January 23rd. Piper Sandler reduced their price objective on Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Thursday.

Capitol Federal Financial Price Performance

CFFN stock traded down $0.27 during midday trading on Thursday, reaching $4.91. 240,880 shares of the stock were exchanged, compared to its average volume of 909,878. The stock has a market capitalization of $656.61 million, a PE ratio of -5.13 and a beta of 0.42. Capitol Federal Financial has a 52 week low of $4.22 and a 52 week high of $6.88. The company has a fifty day moving average price of $5.65 and a 200 day moving average price of $5.67. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.37 and a quick ratio of 1.37.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, January 24th. The savings and loans company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $82.80 million for the quarter, compared to the consensus estimate of $40.45 million. Capitol Federal Financial had a positive return on equity of 3.85% and a negative net margin of 34.17%. During the same period in the prior year, the business earned $0.12 EPS. As a group, analysts expect that Capitol Federal Financial will post 0.44 EPS for the current fiscal year.

Insider Transactions at Capitol Federal Financial

In other Capitol Federal Financial news, Director Morris J. Huey II acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $5.70 per share, with a total value of $28,500.00. Following the transaction, the director now owns 271,000 shares of the company’s stock, valued at approximately $1,544,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Morris J. Huey II bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $5.70 per share, for a total transaction of $28,500.00. Following the purchase, the director now owns 271,000 shares in the company, valued at $1,544,700. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rick C. Jackson acquired 10,000 shares of Capitol Federal Financial stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $5.68 per share, with a total value of $56,800.00. Following the completion of the purchase, the executive vice president now directly owns 181,428 shares in the company, valued at $1,030,511.04. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,389 shares of company stock valued at $127,707 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CFFN. AE Wealth Management LLC increased its position in shares of Capitol Federal Financial by 222.3% during the third quarter. AE Wealth Management LLC now owns 48,657 shares of the savings and loans company’s stock worth $232,000 after acquiring an additional 33,562 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Capitol Federal Financial during the third quarter worth $51,000. Commonwealth Equity Services LLC lifted its stake in shares of Capitol Federal Financial by 25.0% during the third quarter. Commonwealth Equity Services LLC now owns 71,027 shares of the savings and loans company’s stock worth $339,000 after buying an additional 14,184 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Capitol Federal Financial by 10.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 82,149 shares of the savings and loans company’s stock valued at $392,000 after purchasing an additional 7,958 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Capitol Federal Financial by 107.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,770 shares of the savings and loans company’s stock valued at $161,000 after purchasing an additional 17,455 shares during the period. Institutional investors own 88.51% of the company’s stock.

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.