Capitol Federal Financial (NASDAQ:CFFN) Releases Earnings Results, Meets Expectations

Capitol Federal Financial (NASDAQ:CFFN) issued its quarterly earnings results on Wednesday. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18, Zacks reports. Capitol Federal Financial had a return on equity of 8.39% and a net margin of 19.39%. The firm had revenue of $60.86 million during the quarter, compared to analyst estimates of $61.12 million.

Capitol Federal Financial Trading Up 1.7%

Capitol Federal Financial stock opened at $8.54 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50-day moving average of $8.55 and a 200-day moving average of $7.97. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.38 and a beta of 0.70. Capitol Federal Financial has a one year low of $5.97 and a one year high of $9.26.

Capitol Federal Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a $0.0850 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.34 dividend on an annualized basis and a yield of 4.0%. Capitol Federal Financial’s dividend payout ratio (DPR) is 52.31%.

Analysts Set New Price Targets

Several research firms have issued reports on CFFN. Weiss Ratings lowered shares of Capitol Federal Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 15th. Benchmark began coverage on Capitol Federal Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price target for the company. Piper Sandler upped their target price on Capitol Federal Financial from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, New Street Research set a $10.00 price target on Capitol Federal Financial in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.25.

About Capitol Federal Financial

Capitol Federal Financial, Inc is the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The bank primarily provides residential mortgage lending, including loans for the purchase and refinancing of single-family homes, along with commercial real estate, construction, consumer, and other lending products.

Capitol Federal Savings Bank also offers deposit services such as checking and savings accounts, money market accounts, certificates of deposit, and other transaction and savings products.