Capitol Federal Financial (NASDAQ:CFFN) Upgraded at Benchmark

Benchmark upgraded shares of Capitol Federal Financial (NASDAQ:CFFN) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts have also commented on CFFN. Piper Sandler raised their price objective on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, May 4th. New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a report on Thursday. Finally, Weiss Ratings raised shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Capitol Federal Financial Trading Up 0.2%

Shares of CFFN stock traded up $0.02 on Wednesday, hitting $8.50. The stock had a trading volume of 605,104 shares, compared to its average volume of 792,971. The company’s 50 day moving average price is $8.01 and its 200-day moving average price is $7.49. Capitol Federal Financial has a 1 year low of $5.71 and a 1 year high of $8.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $1.08 billion, a P/E ratio of 14.17 and a beta of 0.68.

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

Capitol Federal Financial Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CFFN. Osaic Holdings Inc. increased its position in shares of Capitol Federal Financial by 474.6% in the 2nd quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 4,760 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Capitol Federal Financial by 180.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after purchasing an additional 5,470 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Capitol Federal Financial during the 4th quarter worth $71,000. Qube Research & Technologies Ltd purchased a new stake in shares of Capitol Federal Financial during the 2nd quarter worth $64,000. Finally, Royal Bank of Canada grew its stake in shares of Capitol Federal Financial by 84.3% during the fourth quarter. Royal Bank of Canada now owns 10,566 shares of the savings and loans company’s stock worth $72,000 after purchasing an additional 4,834 shares in the last quarter. Hedge funds and other institutional investors 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.