Capitol Federal Financial (NASDAQ:CFFN) Reaches New 1-Year High – Here’s Why

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

Wall Street Analysts Forecast Growth

CFFN has been the topic of several analyst reports. Piper Sandler boosted their price target 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. 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Capitol Federal Financial has a consensus rating of “Hold” and a consensus price target of $8.00.

Capitol Federal Financial Trading Up 1.4%

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 stock has a market capitalization of $1.02 billion, a PE ratio of 13.45 and a beta of 0.69. The stock’s 50 day simple moving average is $7.67 and its two-hundred day simple moving average is $7.26.

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

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio is presently 56.67%.

Institutional Trading of Capitol Federal Financial

A number of institutional investors have recently modified their holdings of CFFN. 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 valued at $7,129,000 after buying an additional 890,959 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Capitol Federal Financial by 39.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,418,765 shares of the savings and loans company’s stock valued at $14,754,000 after buying an additional 688,130 shares in the last quarter. Towle & Co. purchased a new stake in shares of Capitol Federal Financial during the 1st quarter valued at approximately $3,396,000. Invesco Ltd. lifted its stake in shares of Capitol Federal Financial by 25.5% during the 2nd quarter. Invesco Ltd. now owns 2,311,690 shares of the savings and loans company’s stock valued at $14,101,000 after buying an additional 469,641 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 442,592 shares in the last quarter. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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.