Capitol Federal Financial (NASDAQ:CFFN) Upgraded by Benchmark to “Strong-Buy” Rating

Benchmark upgraded shares of Capitol Federal Financial (NASDAQ:CFFN) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

CFFN has been the topic of several other research reports. New Street Research set a $10.00 price target on shares of Capitol Federal Financial in a research report on Thursday. Weiss Ratings upgraded shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Piper Sandler lifted their price objective on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Capitol Federal Financial Price Performance

Shares of NASDAQ:CFFN traded up $0.02 during mid-day trading on Wednesday, reaching $8.50. The stock had a trading volume of 605,104 shares, compared to its average volume of 792,971. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.66. The company has a market cap of $1.08 billion, a P/E ratio of 14.17 and a beta of 0.68. Capitol Federal Financial has a 1 year low of $5.71 and a 1 year high of $8.69. The business’s 50 day moving average price is $8.01 and its 200 day moving average price is $7.49.

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). The firm had revenue of $57.73 million for the quarter, compared to analysts’ expectations of $56.97 million. Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%. Research analysts expect that Capitol Federal Financial will post 0.71 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.085 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.0%. Capitol Federal Financial’s payout ratio is 56.67%.

Institutional Trading of Capitol Federal Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake 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 worth $35,000 after buying an additional 4,760 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 5,470 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Capitol Federal Financial in the 4th quarter worth about $71,000. Qube Research & Technologies Ltd bought a new stake in shares of Capitol Federal Financial in the 2nd quarter worth about $64,000. Finally, Royal Bank of Canada lifted its holdings in shares of Capitol Federal Financial by 84.3% in the 4th quarter. Royal Bank of Canada now owns 10,566 shares of the savings and loans company’s stock worth $72,000 after acquiring an additional 4,834 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

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.