Capitol Federal Financial (NASDAQ:CFFN) Sets New 12-Month High – Here’s Why

Capitol Federal Financial (NASDAQ:CFFN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $7.89 and last traded at $7.8850, with a volume of 642367 shares traded. The stock had previously closed at $7.69.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CFFN. Keefe, Bruyette & Woods boosted their price target on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Capitol Federal Financial in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Capitol Federal Financial has a consensus rating of “Hold” and an average target price of $7.25.

Capitol Federal Financial Price Performance

The stock’s fifty day moving average price is $7.32 and its 200-day moving average price is $6.96. The firm has a market cap of $980.29 million, a price-to-earnings ratio of 13.48 and a beta of 0.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.76.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $56.62 million during the quarter, compared to analysts’ expectations of $56.97 million. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. As a group, equities research analysts forecast that Capitol Federal Financial will post 0.7 earnings per share for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.5%. Capitol Federal Financial’s payout ratio is presently 60.71%.

Institutional Investors Weigh In On Capitol Federal Financial

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Capitol Federal Financial by 3.6% in the fourth 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. Dimensional Fund Advisors LP grew its stake in shares of Capitol Federal Financial by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,647,265 shares of the savings and loans company’s stock valued at $42,210,000 after buying an additional 180,638 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Capitol Federal Financial by 13.2% in the fourth quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock valued at $26,153,000 after buying an additional 447,342 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Capitol Federal Financial by 7.7% in the third quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock valued at $22,180,000 after buying an additional 249,231 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Capitol Federal Financial by 4.8% in the third quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company’s stock valued at $15,378,000 after buying an additional 110,022 shares in the last quarter. 88.51% of the stock is owned by institutional investors and hedge funds.

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.