Piper Sandler Has Lowered Expectations for Capitol Federal Financial (NASDAQ:CFFN) Stock Price

Capitol Federal Financial (NASDAQ:CFFN) had its target price cut by Piper Sandler from $7.00 to $6.50 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the savings and loans company’s stock.

Capitol Federal Financial Price Performance

Shares of CFFN opened at $5.86 on Thursday. The stock has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $6.11. Capitol Federal Financial has a 52-week low of $4.76 and a 52-week high of $7.20. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $778.03 million, a PE ratio of 15.03 and a beta of 0.51.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. Sell-side analysts predict that Capitol Federal Financial will post 0.45 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, February 7th. This represents a $0.34 annualized dividend and a dividend yield of 5.80%. Capitol Federal Financial’s dividend payout ratio is currently 87.18%.

Insiders Place Their Bets

In other Capitol Federal Financial news, Director James G. Morris acquired 15,000 shares of Capitol Federal Financial stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of $6.84 per share, for a total transaction of $102,600.00. Following the purchase, the director now directly owns 85,995 shares in the company, valued at approximately $588,205.80. This represents a 21.13 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Legacy Financial Strategies LLC bought a new position in shares of Capitol Federal Financial in the fourth quarter valued at $250,000. Endeavor Private Wealth Inc. bought a new position in shares of Capitol Federal Financial in the 4th quarter valued at about $53,000. Emprise Bank acquired a new position in shares of Capitol Federal Financial during the 4th quarter worth about $337,000. JPMorgan Chase & Co. raised its holdings in shares of Capitol Federal Financial by 52.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,052,949 shares of the savings and loans company’s stock valued at $6,149,000 after purchasing an additional 362,291 shares during the period. Finally, Barclays PLC lifted its stake in Capitol Federal Financial by 71.3% in the 3rd quarter. Barclays PLC now owns 271,769 shares of the savings and loans company’s stock valued at $1,587,000 after purchasing an additional 113,106 shares during the last quarter. Institutional investors and hedge funds 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.