Capitol Federal Financial (NASDAQ:CFFN) Sets New 12-Month High – Should You Buy?

Capitol Federal Financial (NASDAQ:CFFN)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $8.74 and last traded at $8.7550, with a volume of 37496 shares traded. The stock had previously closed at $8.65.

Analyst Ratings Changes

CFFN has been the topic of several analyst reports. Weiss Ratings raised shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Piper Sandler increased their price target on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Monday, May 4th. Benchmark started coverage on shares of Capitol Federal Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a research report on Thursday, July 9th. One equities research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Capitol Federal Financial Price Performance

The stock has a fifty day moving average of $8.06 and a two-hundred day moving average of $7.53. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 14.66 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.66.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $57.73 million during the quarter, compared to analyst estimates of $56.97 million. Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%. On average, equities research analysts anticipate that Capitol Federal Financial will post 0.71 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 56.67%.

Institutional Trading of Capitol Federal Financial

A number of institutional investors have recently added to or reduced their stakes in CFFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 buying an additional 3,036 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Capitol Federal Financial during the 1st quarter worth approximately $119,000. Caxton Associates LLP acquired a new stake in shares of Capitol Federal Financial in the 1st quarter worth approximately $315,000. Jane Street Group LLC grew its holdings in shares of Capitol Federal Financial by 18.4% in the 1st quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock worth $1,173,000 after acquiring an additional 32,523 shares during the period. Finally, Strs Ohio purchased a new position in Capitol Federal Financial in the 1st quarter valued at approximately $59,000. 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.