Capitol Federal Financial (NASDAQ:CFFN) Reaches New 52-Week High – Here’s Why

Capitol Federal Financial (NASDAQ:CFFN)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $8.58 and last traded at $8.5850, with a volume of 131393 shares trading hands. The stock had previously closed at $8.51.

Analyst Ratings Changes

A number of research analysts have commented on CFFN shares. Piper Sandler increased their target price on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Monday, May 4th. Weiss Ratings upgraded Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Capitol Federal Financial presently has an average rating of “Hold” and an average target price of $8.00.

Capitol Federal Financial Price Performance

The company has a debt-to-equity ratio of 1.66, a current ratio of 1.21 and a quick ratio of 1.21. The company has a fifty day moving average price of $7.89 and a 200 day moving average price of $7.42. The company has a market capitalization of $1.09 billion, a P/E ratio of 14.31 and a beta of 0.69.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly 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). The company had revenue of $57.73 million during the quarter, compared to the consensus estimate of $56.97 million. Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%. On average, sell-side analysts forecast that Capitol Federal Financial will post 0.71 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The company also recently declared 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 of this dividend was Friday, May 1st. This represents a $0.34 annualized dividend and a dividend yield of 4.0%. Capitol Federal Financial’s payout ratio is 56.67%.

Institutional Trading of Capitol Federal Financial

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 valued at $86,424,000 after purchasing an additional 442,592 shares during the period. Dimensional Fund Advisors LP grew its position in 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 last quarter. AQR Capital Management LLC increased its stake 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 valued at $26,153,000 after purchasing an additional 447,342 shares during the period. American Century Companies Inc. increased its stake in shares of Capitol Federal Financial by 7.7% in the third quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock valued at $22,180,000 after purchasing an additional 249,231 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $23,273,000 after buying an additional 309,342 shares during the last quarter. Institutional investors and hedge funds 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.