Capitol Federal Financial (NASDAQ:CFFN) Reaches New 1-Year High – Should You Buy?

Capitol Federal Financial (NASDAQ:CFFN)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $8.35 and last traded at $8.3450, with a volume of 28713 shares trading hands. The stock had previously closed at $8.29.

Analysts Set New Price Targets

Several research firms have issued reports on CFFN. Piper Sandler increased 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. Weiss Ratings raised Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.00.

Capitol Federal Financial Stock Up 0.8%

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 stock has a 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $7.38. The firm has a market cap of $1.07 billion, a PE ratio of 14.10 and a beta of 0.69.

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

Capitol Federal Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.085 dividend. 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 payout ratio is presently 56.67%.

Hedge Funds Weigh In On Capitol Federal Financial

Large investors have recently added to or reduced their stakes in the business. Amundi bought a new position in shares of Capitol Federal Financial during the first quarter valued at about $371,000. Empowered Funds LLC purchased a new stake in Capitol Federal Financial during the 1st quarter valued at about $2,532,000. Quantinno Capital Management LP grew its position in Capitol Federal Financial by 1.7% during the 1st quarter. Quantinno Capital Management LP now owns 113,184 shares of the savings and loans company’s stock worth $807,000 after acquiring an additional 1,894 shares during the last quarter. Lazard Asset Management LLC increased its stake in Capitol Federal Financial by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company’s stock worth $236,000 after purchasing an additional 1,952 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Capitol Federal Financial by 10.5% in 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. 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.