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

Capitol Federal Financial (NASDAQ:CFFN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.26 and last traded at $8.27, with a volume of 663827 shares trading hands. The stock had previously closed at $8.25.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Piper Sandler boosted their price objective on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Capitol Federal Financial Price Performance

The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $7.29. The company has a market capitalization of $1.05 billion, a PE ratio of 13.79 and a beta of 0.69.

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

Capitol Federal Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio is presently 56.67%.

Institutional Investors Weigh In On Capitol Federal Financial

Several large investors have recently modified their holdings of CFFN. Vanguard Group Inc. lifted its position in shares of Capitol Federal Financial by 3.6% in the 4th 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 increased its holdings in Capitol Federal Financial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company’s stock valued at $48,413,000 after buying an additional 263,238 shares during the period. AQR Capital Management LLC raised its stake in 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 worth $26,153,000 after buying an additional 447,342 shares in the last quarter. American Century Companies Inc. lifted its holdings in Capitol Federal Financial by 7.7% during the third quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock worth $22,180,000 after buying an additional 249,231 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Capitol Federal Financial by 10.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock valued at $23,273,000 after acquiring an additional 309,342 shares during the period. 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.