Capitol Federal Financial (NASDAQ:CFFN) Hits New 52-Week High – Should You Buy?

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CFFN. Weiss Ratings upgraded 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 lifted their target price on shares of 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 investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.00.

Capitol Federal Financial Price Performance

The business’s 50-day moving average price is $7.75 and its 200 day moving average price is $7.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $1.04 billion, a P/E ratio of 13.62 and a beta of 0.69.

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

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is 56.67%.

Institutional Investors Weigh In On Capitol Federal Financial

Several hedge funds have recently bought and sold shares of the stock. Amundi bought a new stake in Capitol Federal Financial during the first quarter valued at approximately $371,000. Empowered Funds LLC bought a new stake in Capitol Federal Financial during the first quarter valued at approximately $2,532,000. Quantinno Capital Management LP lifted its position in Capitol Federal Financial by 1.7% during the first quarter. Quantinno Capital Management LP now owns 113,184 shares of the savings and loans company’s stock valued at $807,000 after purchasing an additional 1,894 shares during the last quarter. Lazard Asset Management LLC lifted its position in Capitol Federal Financial by 6.3% during the first quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company’s stock valued at $236,000 after purchasing an additional 1,952 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Capitol Federal Financial by 10.5% during the first 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 purchasing an additional 309,342 shares during the last quarter. 88.51% of the stock is currently owned by institutional investors.

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.