Capitol Federal Financial (NASDAQ:CFFN) Hits New 12-Month High – Still a Buy?

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CFFN shares. Piper Sandler began coverage on shares of Capitol Federal Financial in a research note on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday, December 8th. Finally, Zacks Research upgraded shares of Capitol Federal Financial to a “hold” rating in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.00.

Capitol Federal Financial Trading Up 2.5%

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.86. The stock has a market cap of $941.78 million, a PE ratio of 13.74 and a beta of 0.69. The stock has a 50-day moving average of $6.41 and a 200 day moving average of $6.25.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, October 29th. The savings and loans company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. The business had revenue of $54.57 million for the quarter, compared to the consensus estimate of $53.46 million. During the same period in the prior year, the firm earned $0.09 EPS. As a group, sell-side analysts anticipate that Capitol Federal Financial will post 0.46 earnings per share for the current year.

Capitol Federal Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, November 7th. Capitol Federal Financial’s dividend payout ratio is currently 65.38%.

Insider Buying and Selling

In other Capitol Federal Financial news, EVP Rick C. Jackson acquired 8,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $6.05 per share, for a total transaction of $48,400.00. Following the completion of the transaction, the executive vice president directly owned 156,752 shares of the company’s stock, valued at $948,349.60. This represents a 5.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Capitol Federal Financial

Several large investors have recently bought and sold shares of CFFN. Summit Securities Group LLC purchased a new stake in Capitol Federal Financial in the 1st quarter valued at $26,000. Smartleaf Asset Management LLC grew its holdings in shares of Capitol Federal Financial by 72.0% in the third quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after purchasing an additional 2,062 shares during the period. Osaic Holdings Inc. increased 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 worth $35,000 after purchasing an additional 4,760 shares during the last quarter. Hantz Financial Services Inc. raised its stake 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 worth $45,000 after purchasing an additional 6,058 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Capitol Federal Financial by 180.5% in the 2nd 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. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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.