Capitol Federal Financial (NASDAQ:CFFN) Hits New 12-Month High – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $6.83 and last traded at $6.7950, with a volume of 103332 shares changing hands. The stock had previously closed at $6.72.

Wall Street Analysts Forecast Growth

CFFN has been the subject of several research reports. Piper Sandler assumed coverage on Capitol Federal Financial in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Capitol Federal Financial in a report on Tuesday, November 25th. Finally, Zacks Research upgraded shares of Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Capitol Federal Financial currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Capitol Federal Financial Price Performance

The firm has a market capitalization of $896.97 million, a price-to-earnings ratio of 13.09 and a beta of 0.69. The stock’s fifty day moving average price is $6.34 and its two-hundred day moving average price is $6.20. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.86.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Capitol Federal Financial had a return on equity of 6.54% and a net margin of 16.19%.The firm had revenue of $54.57 million for the quarter, compared to analyst estimates of $53.46 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Equities research analysts expect that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a dividend of $0.085 per share. The ex-dividend date was Friday, November 7th. This represents a $0.34 annualized dividend and a yield of 5.0%. Capitol Federal Financial’s payout ratio is presently 65.38%.

Insider Buying and Selling

In related news, EVP Rick C. Jackson acquired 8,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average price of $6.05 per share, with a total value of $48,400.00. Following the completion of the acquisition, the executive vice president owned 156,752 shares in the company, valued at $948,349.60. This trade represents a 5.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in Capitol Federal Financial in the first quarter valued at $86,000. Vanguard Group Inc. lifted its holdings in shares of Capitol Federal Financial by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 12,984,972 shares of the savings and loans company’s stock valued at $72,716,000 after purchasing an additional 173,226 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Capitol Federal Financial by 15.2% in the 1st quarter. Invesco Ltd. now owns 1,842,049 shares of the savings and loans company’s stock valued at $10,315,000 after purchasing an additional 243,002 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Capitol Federal Financial in the 1st quarter valued at about $12,763,000. Finally, Public Sector Pension Investment Board increased its position in Capitol Federal Financial by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 387,383 shares of the savings and loans company’s stock worth $2,169,000 after buying an additional 83,162 shares during the period. 88.51% of the stock is owned by hedge funds and other institutional investors.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.