Capitol Federal Financial (NASDAQ:CFFN) Issues Earnings Results

Capitol Federal Financial (NASDAQ:CFFN) announced its quarterly earnings results on Wednesday. The savings and loans company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01, Zacks reports. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. The company had revenue of $56.80 million for the quarter, compared to analysts’ expectations of $56.02 million.

Capitol Federal Financial Stock Performance

Shares of CFFN stock opened at $7.30 on Friday. Capitol Federal Financial has a 52-week low of $4.90 and a 52-week high of $7.40. The company has a quick ratio of 1.26, a current ratio of 1.24 and a debt-to-equity ratio of 1.76. The stock has a market cap of $959.51 million, a PE ratio of 13.04 and a beta of 0.69. The business has a 50-day simple moving average of $6.84 and a 200-day simple moving average of $6.45.

Capitol Federal Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, February 6th. This is a positive change from Capitol Federal Financial’s previous quarterly dividend of $0.04. This represents a $0.34 annualized dividend and a yield of 4.7%. Capitol Federal Financial’s dividend payout ratio is currently 60.71%.

Institutional Investors Weigh In On Capitol Federal Financial

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its holdings in Capitol Federal Financial by 23.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,884 shares of the savings and loans company’s stock worth $88,000 after acquiring an additional 2,664 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Capitol Federal Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock valued at $412,000 after purchasing an additional 3,036 shares during the period. Osaic Holdings Inc. grew its position in shares of Capitol Federal Financial by 474.6% in 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 during the period. Intech Investment Management LLC increased its stake in shares of Capitol Federal Financial by 8.6% during the third quarter. Intech Investment Management LLC now owns 60,761 shares of the savings and loans company’s stock worth $386,000 after purchasing an additional 4,828 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Capitol Federal Financial by 5.3% during the 2nd quarter. First Trust Advisors LP now owns 99,707 shares of the savings and loans company’s stock worth $608,000 after purchasing an additional 5,047 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CFFN. Weiss Ratings reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Piper Sandler assumed coverage on shares of Capitol Federal Financial in a research note on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on Capitol Federal Financial from $6.50 to $7.50 and gave the company a “market perform” rating in a research note on Thursday. Finally, Zacks Research raised shares of Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.25.

About Capitol Federal Financial

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.