Shares of Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $8.26 and last traded at $8.27, with a volume of 663827 shares trading hands. The stock had previously closed at $8.25.
Analyst Ratings Changes
CFFN has been the topic of several analyst reports. Piper Sandler lifted their target price on Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a research note 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 research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Capitol Federal Financial presently has a consensus rating of “Hold” and a consensus target price of $8.00.
Read Our Latest Stock Report on CFFN
Capitol Federal Financial Price Performance
Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $57.73 million for the quarter, compared to analyst estimates of $56.97 million. As a group, equities research analysts forecast that Capitol Federal Financial will post 0.71 EPS for the current year.
Capitol Federal Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.085 per share. The ex-dividend date was Friday, May 1st. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. Capitol Federal Financial’s dividend payout ratio is 56.67%.
Institutional Trading of Capitol Federal Financial
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Capitol Federal Financial by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company’s stock worth $86,424,000 after purchasing an additional 442,592 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Capitol Federal Financial by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company’s stock worth $48,413,000 after buying an additional 263,238 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Capitol Federal Financial by 13.2% in the fourth quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock worth $26,153,000 after buying an additional 447,342 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Capitol Federal Financial by 7.7% during the third quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock worth $22,180,000 after buying an additional 249,231 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Capitol Federal Financial by 10.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock worth $23,273,000 after buying an additional 309,342 shares during the period. 88.51% of the stock is currently owned by institutional investors and hedge funds.
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.
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