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 released on Thursday.

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

Capitol Federal Financial Stock Performance

CFFN stock traded up $0.04 during midday trading on Thursday, hitting $5.11. The stock had a trading volume of 670,667 shares, compared to its average volume of 922,385. The firm has a market capitalization of $683.38 million, a price-to-earnings ratio of -5.44 and a beta of 0.47. Capitol Federal Financial has a 52 week low of $4.22 and a 52 week high of $6.88. The stock has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $5.69. The company has a current ratio of 1.34, a quick ratio of 1.37 and a debt-to-equity ratio of 2.29.

Insider Activity

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

Institutional Trading of Capitol Federal Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Azora Capital LP bought a new position in Capitol Federal Financial during the fourth quarter worth about $5,054,000. State of New Jersey Common Pension Fund D boosted its holdings in Capitol Federal Financial by 492.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 432,996 shares of the savings and loans company’s stock worth $2,065,000 after buying an additional 359,858 shares during the last quarter. Panagora Asset Management Inc. bought a new position in shares of Capitol Federal Financial during the 4th quarter valued at about $1,922,000. Assenagon Asset Management S.A. lifted its holdings in shares of Capitol Federal Financial by 770.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 279,333 shares of the savings and loans company’s stock valued at $1,332,000 after purchasing an additional 247,248 shares in the last quarter. Finally, Caxton Associates LP bought a new position in shares of Capitol Federal Financial during the 3rd quarter valued at about $1,158,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

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.