Capitol Federal Financial (NASDAQ:CFFN) Sets New 12-Month High – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.82 and last traded at $6.8150, with a volume of 84958 shares trading hands. The stock had previously closed at $6.74.

Analyst Ratings Changes

CFFN has been the topic of several research reports. Zacks Research raised Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Piper Sandler initiated coverage on Capitol Federal Financial in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capitol Federal Financial in a research report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Capitol Federal Financial has an average rating of “Hold” and an average target price of $7.00.

Capitol Federal Financial Stock Up 0.8%

The company has a 50 day moving average price of $6.31 and a two-hundred day moving average price of $6.18. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $895.65 million, a PE ratio of 13.05 and a beta of 0.69.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. The firm had revenue of $54.57 million for the quarter, compared to the consensus estimate of $53.46 million. During the same quarter last year, the firm posted $0.09 EPS. Analysts expect that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, November 7th. Capitol Federal Financial’s dividend payout ratio is presently 65.38%.

Insider Activity at Capitol Federal Financial

In other Capitol Federal Financial news, EVP Rick C. Jackson purchased 8,000 shares of Capitol Federal Financial stock in a transaction dated Friday, October 31st. The stock was purchased at an average price of $6.05 per share, with a total value of $48,400.00. Following the transaction, the executive vice president directly owned 156,752 shares of the company’s stock, valued at $948,349.60. This trade represents a 5.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CFFN. Summit Securities Group LLC bought a new position in shares of Capitol Federal Financial during the 1st quarter valued at approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in Capitol Federal Financial by 72.0% during the third quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after purchasing an additional 2,062 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Capitol Federal Financial by 474.6% in the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 4,760 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Capitol Federal Financial by 450.4% in the second quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 6,058 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $52,000 after purchasing an additional 5,470 shares during the period. Institutional investors own 88.51% of the company’s stock.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.