Capitol Federal Financial (NASDAQ:CFFN) Announces Earnings Results

Capitol Federal Financial (NASDAQ:CFFN) posted its earnings results on Wednesday. The savings and loans company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.The company had revenue of $60.15 million for the quarter, compared to analyst estimates of $58.65 million.

Capitol Federal Financial Price Performance

CFFN stock traded down $0.03 during trading on Friday, hitting $8.83. The stock had a trading volume of 582,706 shares, compared to its average volume of 888,906. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 13.58 and a beta of 0.68. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.21 and a current ratio of 1.20. The company’s 50 day moving average price is $8.27 and its two-hundred day moving average price is $7.67. Capitol Federal Financial has a 1-year low of $5.71 and a 1-year high of $9.10.

Capitol Federal Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.34 annualized dividend and a yield of 3.8%. Capitol Federal Financial’s payout ratio is presently 56.67%.

Hedge Funds Weigh In On Capitol Federal Financial

A number of institutional investors have recently modified their holdings of CFFN. Dimensional Fund Advisors LP lifted its stake in shares of Capitol Federal Financial by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,647,265 shares of the savings and loans company’s stock valued at $42,210,000 after buying an additional 180,638 shares during the period. AQR Capital Management LLC raised its holdings in Capitol Federal Financial by 13.2% in the 4th 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 acquiring an additional 447,342 shares during the last quarter. Invesco Ltd. raised its holdings in Capitol Federal Financial by 4.8% in the 3rd quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company’s stock valued at $15,378,000 after acquiring an additional 110,022 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Capitol Federal Financial by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,794,891 shares of the savings and loans company’s stock worth $12,223,000 after purchasing an additional 172,156 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Capitol Federal Financial by 384.4% during the 3rd quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company’s stock worth $7,129,000 after purchasing an additional 890,959 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CFFN. Piper Sandler boosted their price objective on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Benchmark assumed coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $10.00 target price for the company. Weiss Ratings upgraded shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, New Street Research set a $10.00 price target on shares of Capitol Federal Financial in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Capitol Federal Financial Company Profile

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.