Capitol Federal Financial (NASDAQ:CFFN) Issues Earnings Results

Capitol Federal Financial (NASDAQ:CFFN) issued its earnings results on Wednesday. The savings and loans company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01, Zacks reports. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%.

Capitol Federal Financial Trading Up 1.2%

Shares of NASDAQ:CFFN opened at $7.03 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.86. Capitol Federal Financial has a 52-week low of $4.90 and a 52-week high of $7.30. The stock has a market cap of $923.37 million, a price-to-earnings ratio of 13.49 and a beta of 0.69. The business has a 50-day moving average price of $6.80 and a 200-day moving average price of $6.44.

Capitol Federal Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, February 6th. This is a boost from Capitol Federal Financial’s previous quarterly dividend of $0.04. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 65.38%.

Insiders Place Their Bets

In other Capitol Federal Financial news, EVP Rick C. Jackson purchased 8,000 shares of Capitol Federal Financial stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $6.05 per share, with a total value of $48,400.00. Following the transaction, the executive vice president owned 156,752 shares of the company’s stock, valued at $948,349.60. This represents a 5.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Capitol Federal Financial

A number of institutional investors have recently modified their holdings of CFFN. Kestra Private Wealth Services LLC acquired a new stake in Capitol Federal Financial during the third quarter worth $93,000. Sherbrooke Park Advisers LLC lifted its holdings in shares of Capitol Federal Financial by 38.6% in the 3rd quarter. Sherbrooke Park Advisers LLC now owns 19,793 shares of the savings and loans company’s stock worth $126,000 after acquiring an additional 5,510 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Capitol Federal Financial by 23.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,884 shares of the savings and loans company’s stock worth $88,000 after purchasing an additional 2,664 shares during the period. Russell Investments Group Ltd. lifted its stake in Capitol Federal Financial by 323.2% during the third quarter. Russell Investments Group Ltd. now owns 14,131 shares of the savings and loans company’s stock worth $90,000 after purchasing an additional 10,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Capitol Federal Financial during the third quarter worth $108,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Finally, Piper Sandler assumed coverage on shares of Capitol Federal Financial in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price target on the stock. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.00.

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.