Capitol Federal Financial (NASDAQ:CFFN) Reaches New 12-Month High – Time to Buy?

Capitol Federal Financial (NASDAQ:CFFN)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $8.35 and last traded at $8.3450, with a volume of 28713 shares trading hands. The stock had previously closed at $8.29.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings raised Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Piper Sandler raised their price objective 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. One research analyst has rated the stock with a Buy rating and three have assigned 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 Stock Up 0.9%

The business has a 50 day moving average of $7.81 and a 200-day moving average of $7.36. The stock has a market cap of $1.06 billion, a PE ratio of 13.96 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.66.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $57.73 million during 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%. Equities research analysts predict that Capitol Federal Financial will post 0.71 EPS for the current fiscal year.

Capitol Federal Financial Announces Dividend

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

Institutional Trading of Capitol Federal Financial

A number of large investors have recently bought and sold shares of CFFN. Millennium Management LLC grew its position in Capitol Federal Financial by 384.4% during the 3rd quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company’s stock worth $7,129,000 after purchasing an additional 890,959 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Capitol Federal Financial by 39.8% in the second quarter. AQR Capital Management LLC now owns 2,418,765 shares of the savings and loans company’s stock valued at $14,754,000 after buying an additional 688,130 shares during the last quarter. Towle & Co. acquired a new stake in shares of Capitol Federal Financial during the first quarter worth about $3,396,000. Invesco Ltd. boosted its stake in shares of Capitol Federal Financial by 25.5% during the second quarter. Invesco Ltd. now owns 2,311,690 shares of the savings and loans company’s stock worth $14,101,000 after buying an additional 469,641 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 442,592 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

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.