Capitol Federal Financial (NASDAQ:CFFN) Hits New 1-Year High – Still a Buy?

Shares of Capitol Federal Financial (NASDAQ:CFFNGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.35 and last traded at $8.3450, with a volume of 28713 shares changing hands. The stock had previously closed at $8.29.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CFFN. Piper Sandler increased their price objective on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.00.

Check Out Our Latest Stock Analysis on Capitol Federal Financial

Capitol Federal Financial Stock Up 0.9%

The firm has a 50 day moving average of $7.81 and a two-hundred day moving average of $7.36. The stock has a market capitalization of $1.06 billion, a PE ratio of 13.96 and a beta of 0.69. 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:CFFNGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%. The firm had revenue of $57.73 million during the quarter, compared to analysts’ expectations of $56.97 million. Equities research analysts anticipate that Capitol Federal Financial will post 0.71 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s payout ratio is currently 56.67%.

Institutional Trading of Capitol Federal Financial

A number of large investors have recently made changes to their positions in CFFN. Vanguard Group Inc. grew 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 buying an additional 442,592 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $48,413,000 after purchasing an additional 263,238 shares during the period. AQR Capital Management LLC lifted its position in Capitol Federal Financial by 13.2% during the fourth quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock valued at $26,153,000 after buying an additional 447,342 shares in the last quarter. American Century Companies Inc. boosted its position in Capitol Federal Financial by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock worth $22,180,000 after purchasing an additional 249,231 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Capitol Federal Financial by 10.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock valued at $23,273,000 after buying an additional 309,342 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

(Get Free Report)

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.

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