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

Capitol Federal Financial (NASDAQ:CFFN) was upgraded by analysts at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

CFFN has been the subject of several other research reports. Weiss Ratings upgraded shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Piper Sandler boosted their target price on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.00.

Capitol Federal Financial Stock Up 0.2%

CFFN stock traded up $0.02 during midday trading on Wednesday, hitting $8.50. 605,104 shares of the company’s stock were exchanged, compared to its average volume of 792,971. The firm has a 50 day moving average price of $8.01 and a 200-day moving average price of $7.49. Capitol Federal Financial has a 12-month low of $5.71 and a 12-month high of $8.69. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.17 and a beta of 0.68. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.66.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%.The firm had revenue of $57.73 million for the quarter, compared to the consensus estimate of $56.97 million. On average, analysts anticipate that Capitol Federal Financial will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Capitol Federal Financial

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Capitol Federal Financial by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company’s stock worth $86,424,000 after purchasing an additional 442,592 shares during the period. Dimensional Fund Advisors LP increased its stake in Capitol Federal Financial by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company’s stock valued at $48,413,000 after buying an additional 263,238 shares during the period. AQR Capital Management LLC lifted its position in Capitol Federal Financial by 13.2% in the 4th quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock worth $26,153,000 after buying an additional 447,342 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Capitol Federal Financial by 10.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock worth $23,273,000 after buying an additional 309,342 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Capitol Federal Financial by 4.8% during the 3rd quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company’s stock valued at $15,378,000 after buying an additional 110,022 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.