Capitol Federal Financial (NASDAQ:CFFN) Sets New 1-Year High – Still a Buy?

Capitol Federal Financial (NASDAQ:CFFN) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $8.58 and last traded at $8.5850, with a volume of 131393 shares changing hands. The stock had previously closed at $8.51.

Analysts Set New Price Targets

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

Capitol Federal Financial Trading Up 1.0%

The business has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $7.42. The stock has a market capitalization of $1.09 billion, a P/E ratio of 14.31 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.21 and a current ratio of 1.21.

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 the consensus estimate of $0.17 by ($0.01). The business had revenue of $57.73 million during the quarter, compared to analyst estimates of $56.97 million. Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%. On average, analysts predict that Capitol Federal Financial will post 0.71 EPS for the current year.

Capitol Federal Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.085 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.0%. Capitol Federal Financial’s dividend payout ratio is currently 56.67%.

Hedge Funds Weigh In On Capitol Federal Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised 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 valued at $35,000 after acquiring an additional 4,760 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Capitol Federal Financial by 180.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after acquiring an additional 5,470 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Capitol Federal Financial in the fourth quarter worth approximately $71,000. Qube Research & Technologies Ltd bought a new stake in Capitol Federal Financial in the second quarter worth approximately $64,000. Finally, Royal Bank of Canada boosted its holdings in shares of Capitol Federal Financial by 84.3% during the 4th quarter. Royal Bank of Canada now owns 10,566 shares of the savings and loans company’s stock worth $72,000 after buying an additional 4,834 shares during the period. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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.