Capitol Federal Financial (NASDAQ:CFFN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Capitol Federal Financial (NASDAQ:CFFN) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01, Zacks reports. Capitol Federal Financial had a return on equity of 6.54% and a net margin of 16.19%.The firm had revenue of $56.80 million during the quarter, compared to analyst estimates of $56.02 million.

Capitol Federal Financial Price Performance

Shares of CFFN traded up $0.18 during midday trading on Thursday, reaching $7.28. The stock had a trading volume of 158,242 shares, compared to its average volume of 940,498. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $956.23 million, a price-to-earnings ratio of 13.95 and a beta of 0.69. The company’s 50-day moving average is $6.81 and its 200 day moving average is $6.44. Capitol Federal Financial has a 12-month low of $4.90 and a 12-month high of $7.40.

Capitol Federal Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.7%. This is an increase from Capitol Federal Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Friday, February 6th. Capitol Federal Financial’s dividend payout ratio is presently 65.38%.

Insiders Place Their Bets

In other news, EVP Rick C. Jackson bought 8,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $6.05 per share, with a total value of $48,400.00. Following the completion of the purchase, the executive vice president directly owned 156,752 shares in the company, valued at $948,349.60. This represents a 5.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Capitol Federal Financial

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its holdings in shares of 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 valued at $35,000 after purchasing an additional 4,760 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Capitol Federal Financial by 180.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after buying an additional 5,470 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Capitol Federal Financial during the second quarter valued at about $64,000. Strs Ohio purchased a new position in shares of Capitol Federal Financial in the first quarter worth about $59,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Capitol Federal Financial in the third quarter worth about $71,000. 88.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CFFN has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday, December 29th. Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Finally, Piper Sandler assumed coverage on Capitol Federal Financial in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 target price for the company. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.00.

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.