Capitol Federal Financial (NASDAQ:CFFN) Reaches New 52-Week High – Should You Buy?

Capitol Federal Financial (NASDAQ:CFFN) reached a new 52-week high during trading on Tuesday . The company traded as high as $7.67 and last traded at $7.54, with a volume of 1351555 shares trading hands. The stock had previously closed at $7.28.

Analysts Set New Price Targets

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

Capitol Federal Financial Trading Up 3.6%

The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.26 and a current ratio of 1.24. The firm has a market capitalization of $991.06 million, a P/E ratio of 13.46 and a beta of 0.69. The firm has a 50 day moving average price of $6.88 and a two-hundred day moving average price of $6.47.

Capitol Federal Financial (NASDAQ:CFFN) last announced its earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Capitol Federal Financial had a return on equity of 6.99% and a net margin of 16.98%.The business had revenue of $56.80 million during the quarter, compared to the consensus estimate of $56.02 million. On average, equities research analysts expect that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Capitol Federal Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be issued a $0.085 dividend. The ex-dividend date is Friday, February 6th. This is a positive change from Capitol Federal Financial’s previous quarterly dividend of $0.04. This represents a $0.34 annualized dividend and a dividend yield of 4.5%. Capitol Federal Financial’s dividend payout ratio is 60.71%.

Institutional Investors Weigh In On Capitol Federal Financial

Several hedge funds have recently made changes to their positions in CFFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Capitol Federal Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock valued at $412,000 after purchasing an additional 3,036 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Capitol Federal Financial during the first quarter valued at $119,000. Caxton Associates LLP acquired a new position in Capitol Federal Financial during the first quarter valued at $315,000. Jane Street Group LLC lifted its stake in Capitol Federal Financial by 18.4% in the 1st quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock worth $1,173,000 after acquiring an additional 32,523 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Capitol Federal Financial during the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

About Capitol Federal Financial

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.