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

Capitol Federal Financial (NASDAQ:CFFN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.06 and last traded at $8.0950, with a volume of 38024 shares. The stock had previously closed at $7.90.

Analyst Upgrades and Downgrades

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

Capitol Federal Financial Price Performance

The stock’s fifty day moving average price is $7.63 and its two-hundred day moving average price is $7.24. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.31 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.66.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $57.73 million during the quarter, compared to analyst estimates of $56.97 million. Equities research analysts expect that Capitol Federal Financial will post 0.71 EPS for the current year.

Capitol Federal Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 56.67%.

Institutional Investors Weigh In On Capitol Federal Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CreativeOne Wealth LLC raised its holdings in shares of Capitol Federal Financial by 11.7% in the 4th quarter. CreativeOne Wealth LLC now owns 15,479 shares of the savings and loans company’s stock valued at $105,000 after purchasing an additional 1,623 shares in the last quarter. Triune Financial Partners LLC raised its stake in Capitol Federal Financial by 7.1% during the 4th quarter. Triune Financial Partners LLC now owns 26,324 shares of the savings and loans company’s stock worth $192,000 after acquiring an additional 1,739 shares in the last quarter. Quantinno Capital Management LP raised its stake in Capitol Federal Financial by 1.7% during the 1st quarter. Quantinno Capital Management LP now owns 113,184 shares of the savings and loans company’s stock worth $807,000 after acquiring an additional 1,894 shares in the last quarter. Midwest Trust Co raised its stake in Capitol Federal Financial by 9.9% during the 1st quarter. Midwest Trust Co now owns 21,539 shares of the savings and loans company’s stock worth $154,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Capitol Federal Financial by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company’s stock worth $236,000 after acquiring an additional 1,952 shares in the last quarter. 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.