Capitol Federal Financial (NASDAQ:CFFN) Sets New 1-Year High – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN) shares hit a new 52-week high on Tuesday . The company traded as high as $7.67 and last traded at $7.54, with a volume of 1351555 shares changing hands. The stock had previously closed at $7.28.

Wall Street Analysts Forecast Growth

CFFN has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capitol Federal Financial in a research report on Monday, December 29th. 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 report on Thursday, January 29th. Piper Sandler started coverage on shares of Capitol Federal Financial in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price target on the stock. Finally, Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.25.

Capitol Federal Financial Price Performance

The company’s 50-day simple moving average is $6.88 and its 200 day simple moving average is $6.47. The company has a market capitalization of $991.06 million, a P/E ratio of 13.46 and a beta of 0.69. The company has a quick ratio of 1.26, a current ratio of 1.24 and a debt-to-equity ratio of 1.76.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $56.80 million during the quarter, compared to analyst estimates of $56.02 million. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. As a group, sell-side analysts expect that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be given a $0.085 dividend. This is an increase from Capitol Federal Financial’s previous quarterly dividend of $0.04. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, February 6th. Capitol Federal Financial’s payout ratio is presently 60.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CFFN. Vanguard Group Inc. boosted its position in Capitol Federal Financial by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company’s stock worth $86,424,000 after purchasing an additional 442,592 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Capitol Federal Financial by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,647,265 shares of the savings and loans company’s stock worth $42,210,000 after buying an additional 180,638 shares during the period. HoldCo Asset Management LP acquired a new position in Capitol Federal Financial in the 2nd quarter valued at $39,443,000. American Century Companies Inc. raised its holdings in Capitol Federal Financial by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock worth $22,180,000 after acquiring an additional 249,231 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Capitol Federal Financial by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,976,390 shares of the savings and loans company’s stock worth $18,156,000 after acquiring an additional 30,425 shares during the period. 88.51% of the stock is owned by institutional investors.

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.