Capitol Federal Financial (NASDAQ:CFFN) Reaches New 52-Week High – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $8.06 and last traded at $8.0950, with a volume of 38024 shares trading hands. The stock had previously closed at $7.90.

Analyst Ratings Changes

Several analysts have recently weighed in on CFFN shares. Weiss Ratings raised 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 increased their price objective on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.00.

Capitol Federal Financial Price Performance

The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $1.01 billion, a PE ratio of 13.31 and a beta of 0.69. The stock’s 50-day moving average is $7.63 and its two-hundred day moving average is $7.24.

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

Capitol Federal Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.3%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 56.67%.

Institutional Investors Weigh In On Capitol Federal Financial

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in Capitol Federal Financial by 72.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock worth $31,000 after buying an additional 2,062 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Capitol Federal Financial by 474.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after buying an additional 4,760 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Capitol Federal Financial by 180.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after buying an additional 5,470 shares in the last quarter. Strs Ohio acquired a new stake in Capitol Federal Financial during the 1st quarter worth approximately $59,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Capitol Federal Financial during the 2nd quarter worth approximately $64,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

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.