The latest financial results for the unnamed bank reveal that its net interest income for the second quarter reached $43.84 million. This increase was primarily driven by a rise in the net interest margin, which climbed by six basis points from the previous quarter to 1.92%.
The improvement in the net interest margin was attributed largely to a reduction in the cost associated with deposits, especially concerning retail certificates of deposit. This strategic decrease in deposit costs played a critical role in enhancing the bank's profitability during the quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Capitol Federal Financial Inc (CFFN, Financial) is $6.25 with a high estimate of $6.50 and a low estimate of $6.00. The average target implies an upside of 15.74% from the current price of $5.40. More detailed estimate data can be found on the Capitol Federal Financial Inc (CFFN) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Capitol Federal Financial Inc's (CFFN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
