Capitol Federal Financial (NASDAQ:CFFN) Sets New 52-Week High – What’s Next?

Capitol Federal Financial (NASDAQ:CFFN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.20 and last traded at $7.1440, with a volume of 118731 shares trading hands. The stock had previously closed at $6.97.

Analyst Ratings Changes

CFFN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday. Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Finally, Piper Sandler began coverage on Capitol Federal Financial in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price objective on the stock. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.00.

Capitol Federal Financial Stock Up 1.3%

The stock has a market cap of $947.71 million, a PE ratio of 13.83 and a beta of 0.69. The business has a fifty day moving average of $6.44 and a 200-day moving average of $6.27. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26.

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

Capitol Federal Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.16 dividend on an annualized basis and a yield of 2.2%. Capitol Federal Financial’s dividend payout ratio (DPR) is 65.38%.

Insider Buying and Selling at Capitol Federal Financial

In other Capitol Federal Financial news, EVP Rick C. Jackson acquired 8,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $6.05 per share, for a total transaction of $48,400.00. Following the completion of the purchase, the executive vice president owned 156,752 shares in the company, valued at approximately $948,349.60. This trade represents a 5.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Institutional Trading of Capitol Federal Financial

A number of hedge funds have recently bought and sold shares of CFFN. Smartleaf Asset Management LLC increased its holdings in shares of Capitol Federal Financial by 72.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after acquiring an additional 2,062 shares during the period. Osaic Holdings Inc. boosted its position in Capitol Federal Financial by 474.6% during the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 4,760 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Capitol Federal Financial by 450.4% during the second quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock valued at $45,000 after purchasing an additional 6,058 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Capitol Federal Financial by 180.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Wealthstream Advisors Inc. bought a new position in Capitol Federal Financial in the third quarter worth about $65,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

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.