Capitol Federal Financial (NASDAQ:CFFN) Hits New 1-Year High – Here’s Why

Capitol Federal Financial, Inc. (NASDAQ:CFFN)’s stock price reached a new 52-week high on Monday . The stock traded as high as $6.82 and last traded at $6.82, with a volume of 1855 shares changing hands. The stock had previously closed at $6.38.

Analyst Ratings Changes

Several research firms have recently weighed in on CFFN. Keefe, Bruyette & Woods raised their price objective on Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. StockNews.com raised Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Piper Sandler lifted their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Capitol Federal Financial Trading Up 2.1 %

The company has a 50-day simple moving average of $5.97 and a 200 day simple moving average of $5.66. The company has a market capitalization of $856.17 million, a P/E ratio of 22.24 and a beta of 0.47. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.34 and a current ratio of 1.31.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Capitol Federal Financial had a net margin of 9.95% and a return on equity of 4.69%. The firm had revenue of $101.65 million for the quarter, compared to the consensus estimate of $45.40 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. Sell-side analysts expect that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.085 per share. The ex-dividend date is Friday, November 1st. This represents a $0.34 annualized dividend and a yield of 5.27%. Capitol Federal Financial’s dividend payout ratio is 117.25%.

Institutional Trading of Capitol Federal Financial

Several large investors have recently made changes to their positions in the business. IFS Advisors LLC boosted its holdings in Capitol Federal Financial by 1,865.5% in the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock valued at $26,000 after acquiring an additional 4,216 shares during the last quarter. GAMMA Investing LLC boosted its stake in Capitol Federal Financial by 153.7% in the 2nd quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company’s stock worth $53,000 after purchasing an additional 5,848 shares during the period. Wealthstream Advisors Inc. acquired a new position in shares of Capitol Federal Financial during the second quarter worth about $55,000. EntryPoint Capital LLC acquired a new stake in Capitol Federal Financial in the 1st quarter valued at approximately $62,000. Finally, CWM LLC lifted its stake in Capitol Federal Financial by 533.2% in the 2nd quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock valued at $65,000 after acquiring an additional 9,922 shares in the last quarter. Institutional investors own 88.51% of the company’s stock.

About Capitol Federal Financial

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.