Shares of Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.23 and last traded at $9.2230, with a volume of 90228 shares. The stock had previously closed at $8.84.
Wall Street Analysts Forecast Growth
CFFN has been the subject of a number of research reports. Benchmark began coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price target for the company. Piper Sandler restated a “neutral” rating and set a $9.50 price objective on shares of Capitol Federal Financial in a report on Monday. New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a research report on Thursday, July 9th. Finally, 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 Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.25.
Check Out Our Latest Research Report on CFFN
Capitol Federal Financial Price Performance
Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $60.15 million during the quarter, compared to the consensus estimate of $58.65 million. Capitol Federal Financial had a net margin of 18.69% and a return on equity of 8.01%.
Capitol Federal Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a yield of 3.8%. Capitol Federal Financial’s payout ratio is currently 52.31%.
Institutional Trading of Capitol Federal Financial
Hedge funds and other institutional investors have recently made changes to their positions in the business. CreativeOne Wealth LLC raised its holdings in shares of Capitol Federal Financial by 11.7% in the fourth quarter. CreativeOne Wealth LLC now owns 15,479 shares of the savings and loans company’s stock valued at $105,000 after buying an additional 1,623 shares during the last quarter. Triune Financial Partners LLC grew its holdings in Capitol Federal Financial by 7.1% during the 4th quarter. Triune Financial Partners LLC now owns 26,324 shares of the savings and loans company’s stock worth $192,000 after acquiring an additional 1,739 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Capitol Federal Financial by 1.7% during the 1st quarter. Quantinno Capital Management LP now owns 113,184 shares of the savings and loans company’s stock worth $807,000 after acquiring an additional 1,894 shares during the last quarter. Midwest Trust Co increased its position in Capitol Federal Financial by 9.9% in the 1st quarter. Midwest Trust Co now owns 21,539 shares of the savings and loans company’s stock valued at $154,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in Capitol Federal Financial by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company’s stock valued at $236,000 after acquiring an additional 1,952 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors and hedge funds.
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.
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