Capitol Federal Financial (NASDAQ:CFFN) Sets New 52-Week High – Still a Buy?

Capitol Federal Financial (NASDAQ:CFFN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $6.82 and last traded at $6.8150, with a volume of 84958 shares. The stock had previously closed at $6.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CFFN shares. Piper Sandler initiated 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capitol Federal Financial in a research note on Tuesday, November 25th. Finally, Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Capitol Federal Financial has a consensus rating of “Hold” and an average target price of $7.00.

Capitol Federal Financial Stock Performance

The company has a market capitalization of $888.40 million, a price-to-earnings ratio of 12.96 and a beta of 0.69. The stock has a 50 day moving average of $6.33 and a 200 day moving average of $6.19. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.86.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $54.57 million for the quarter, compared to the consensus estimate of $53.46 million. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, analysts predict that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, November 7th. Capitol Federal Financial’s dividend payout ratio is presently 65.38%.

Insider Transactions at Capitol Federal Financial

In related news, EVP Rick C. Jackson purchased 8,000 shares of Capitol Federal Financial stock in a transaction on 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 acquisition, the executive vice president owned 156,752 shares of the company’s stock, valued at $948,349.60. This trade represents a 5.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in Capitol Federal Financial during the second quarter worth $48,165,000. HoldCo Asset Management LP bought a new position in Capitol Federal Financial during the second quarter valued at about $39,443,000. Nuveen LLC bought a new stake in Capitol Federal Financial in the first quarter worth about $12,763,000. Millennium Management LLC grew its stake in Capitol Federal Financial by 384.4% during the third quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company’s stock valued at $7,129,000 after acquiring an additional 890,959 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Capitol Federal Financial by 36.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,926,820 shares of the savings and loans company’s stock worth $17,854,000 after acquiring an additional 785,339 shares during the period. Institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

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.