Capitol Federal Financial (NASDAQ:CFFN) Raised to “Hold” at StockNews.com

Capitol Federal Financial (NASDAQ:CFFN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other research analysts have also recently issued reports on CFFN. Piper Sandler cut their target price on shares of Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $6.00 target price (down previously from $7.00) on shares of Capitol Federal Financial in a report on Thursday, April 25th.

Capitol Federal Financial Price Performance

NASDAQ CFFN traded up $0.04 on Thursday, reaching $5.11. 670,667 shares of the company’s stock traded hands, compared to its average volume of 922,385. Capitol Federal Financial has a 12 month low of $4.22 and a 12 month high of $6.88. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.34 and a quick ratio of 1.37. The stock has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $5.69. The stock has a market cap of $683.38 million, a PE ratio of -5.44 and a beta of 0.47.

Insider Buying and Selling

In other Capitol Federal Financial news, Director Morris J. Huey II purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $5.70 per share, with a total value of $28,500.00. Following the completion of the purchase, the director now directly owns 271,000 shares of the company’s stock, valued at approximately $1,544,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Rick C. Jackson acquired 10,000 shares of the stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $5.68 per share, with a total value of $56,800.00. Following the completion of the transaction, the executive vice president now owns 181,428 shares of the company’s stock, valued at approximately $1,030,511.04. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Morris J. Huey II acquired 5,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $5.70 per share, with a total value of $28,500.00. Following the transaction, the director now directly owns 271,000 shares of the company’s stock, valued at approximately $1,544,700. The disclosure for this purchase can be found here. Insiders acquired 21,990 shares of company stock valued at $125,141 over the last quarter. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capitol Federal Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its position in Capitol Federal Financial by 23.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 102,093 shares of the savings and loans company’s stock valued at $608,000 after buying an additional 19,076 shares during the period. Empowered Funds LLC raised its position in shares of Capitol Federal Financial by 8.2% in the 1st quarter. Empowered Funds LLC now owns 362,528 shares of the savings and loans company’s stock worth $2,161,000 after purchasing an additional 27,442 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Capitol Federal Financial by 39.4% in the 1st quarter. BNP Paribas Financial Markets now owns 80,841 shares of the savings and loans company’s stock worth $482,000 after purchasing an additional 22,868 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Capitol Federal Financial by 28.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 419,921 shares of the savings and loans company’s stock worth $2,503,000 after purchasing an additional 92,103 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Capitol Federal Financial in the 1st quarter worth about $143,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

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.