Capitol Federal Financial (NASDAQ:CFFN) Announces Earnings Results, Meets Estimates

Capitol Federal Financial (NASDAQ:CFFN) announced its quarterly earnings results on Wednesday. The savings and loans company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19, Zacks reports. The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $58.65 million. Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%.

Capitol Federal Financial Stock Performance

Shares of NASDAQ:CFFN traded down $0.10 on Wednesday, reaching $8.69. 524,919 shares of the company’s stock were exchanged, compared to its average volume of 883,635. Capitol Federal Financial has a twelve month low of $5.71 and a twelve month high of $8.84. The company has a fifty day moving average of $8.23 and a 200-day moving average of $7.64. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.48 and a beta of 0.68. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.66.

Capitol Federal Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 7th. Capitol Federal Financial’s dividend payout ratio is presently 56.67%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Monday, May 4th. Benchmark assumed coverage on Capitol Federal Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $10.00 target price on the stock. Weiss Ratings raised Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, New Street Research set a $10.00 price target on Capitol Federal Financial in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Capitol Federal Financial currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Capitol Federal Financial by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,647,265 shares of the savings and loans company’s stock worth $42,210,000 after purchasing an additional 180,638 shares in the last quarter. AQR Capital Management LLC grew its stake in Capitol Federal Financial by 13.2% during the fourth quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock worth $26,153,000 after buying an additional 447,342 shares in the last quarter. Invesco Ltd. increased its holdings in Capitol Federal Financial by 4.8% in the 3rd quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company’s stock valued at $15,378,000 after buying an additional 110,022 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Capitol Federal Financial by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,794,891 shares of the savings and loans company’s stock valued at $12,223,000 after buying an additional 172,156 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Capitol Federal Financial by 384.4% during the 3rd quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company’s stock worth $7,129,000 after acquiring an additional 890,959 shares during the period. Institutional investors own 88.51% of the company’s stock.

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.