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

Capitol Federal Financial (NASDAQ:CFFN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.84 and last traded at $8.7850, with a volume of 440334 shares trading hands. The stock had previously closed at $8.64.

Wall Street Analyst Weigh In

CFFN has been the subject of several recent analyst reports. Piper Sandler upped their target price on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Benchmark started coverage on Capitol Federal Financial in a research note on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price target on the stock. New Street Research set a $10.00 price target on Capitol Federal Financial in a report on Thursday, July 9th. Finally, Weiss Ratings raised Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Capitol Federal Financial Trading Up 1.4%

The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 14.66 and a beta of 0.68. The business has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $7.63.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings results 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). Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%.The firm had revenue of $57.73 million for the quarter, compared to the consensus estimate of $56.97 million.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds have recently modified their holdings of the business. CreativeOne Wealth LLC grew its stake in shares of Capitol Federal Financial by 11.7% in the fourth quarter. CreativeOne Wealth LLC now owns 15,479 shares of the savings and loans company’s stock worth $105,000 after purchasing an additional 1,623 shares during the last quarter. Triune Financial Partners LLC raised its position 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 purchasing an additional 1,739 shares during the last quarter. Quantinno Capital Management LP lifted its holdings 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 buying an additional 1,894 shares during the period. Midwest Trust Co lifted its holdings 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 buying an additional 1,936 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Capitol Federal Financial by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company’s stock valued at $236,000 after buying an additional 1,952 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

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.