Capitol Federal Financial (NASDAQ:CFFN) Reaches New 12-Month High – What’s Next?

Capitol Federal Financial (NASDAQ:CFFN) shares hit a new 52-week high during trading on Thursday . The company traded as high as $8.74 and last traded at $8.7550, with a volume of 37496 shares trading hands. The stock had previously closed at $8.65.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Benchmark assumed coverage on Capitol Federal Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price objective for the company. New Street Research set a $10.00 target price on Capitol Federal Financial in a research note on Thursday, July 9th. Finally, Piper Sandler boosted 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Capitol Federal Financial Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $8.09 and its 200 day moving average is $7.55. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.37 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $57.73 million during the quarter, compared to analyst estimates of $56.97 million. Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%. On average, equities research analysts anticipate that Capitol Federal Financial will post 0.71 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The firm also recently announced 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 3.9%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 56.67%.

Institutional Investors Weigh In On Capitol Federal Financial

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 worth $86,424,000 after acquiring an additional 442,592 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Capitol Federal Financial by 4.0% during 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 in the last quarter. AQR Capital Management LLC grew its holdings in shares of Capitol Federal Financial by 13.2% during the 4th quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock worth $26,153,000 after purchasing an additional 447,342 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Capitol Federal Financial by 10.5% in 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 purchasing an additional 309,342 shares during the period. Finally, Invesco Ltd. raised its stake in Capitol Federal Financial by 4.8% in the third quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company’s stock valued at $15,378,000 after purchasing an additional 110,022 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors.

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.