Capitol Federal Financial (NASDAQ:CFFN) Reaches New 12-Month High – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.75 and last traded at $7.6850, with a volume of 31404 shares trading hands. The stock had previously closed at $7.55.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CFFN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday, December 29th. Piper Sandler initiated coverage on Capitol Federal Financial in a research note on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 price objective for the company. Zacks Research upgraded shares of Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Capitol Federal Financial has a consensus rating of “Hold” and a consensus target price of $7.25.

Capitol Federal Financial Price Performance

The company has a debt-to-equity ratio of 1.76, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day moving average of $7.06 and a 200 day moving average of $6.57. The company has a market cap of $999.12 million, a PE ratio of 13.76 and a beta of 0.69.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Wednesday, January 28th. The savings and loans company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $56.80 million during the quarter, compared to analyst estimates of $56.02 million. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. As a group, research analysts predict that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.085 per share. This is a boost from Capitol Federal Financial’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, February 6th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.4%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 60.71%.

Institutional Trading of Capitol Federal Financial

A number of hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of Capitol Federal Financial by 72.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock worth $31,000 after buying an additional 2,062 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Capitol Federal Financial by 474.6% in the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after acquiring an additional 4,760 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Capitol Federal Financial by 450.4% during the second quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock valued at $45,000 after acquiring an additional 6,058 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Capitol Federal Financial by 180.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after purchasing an additional 5,470 shares in the last quarter. Finally, Strs Ohio purchased a new position in Capitol Federal Financial in the first quarter worth about $59,000. 88.51% of the stock is owned by institutional investors.

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.