Capitol Federal Financial (NASDAQ:CFFN) Sets New 52-Week High – Should You Buy?

Shares of Capitol Federal Financial (NASDAQ:CFFN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $8.58 and last traded at $8.5850, with a volume of 131393 shares trading hands. The stock had previously closed at $8.51.

Analysts Set New Price Targets

CFFN has been the topic of a number of analyst reports. Weiss Ratings upgraded 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 target on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.00.

Capitol Federal Financial Trading Down 2.0%

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 company has a market capitalization of $1.07 billion, a PE ratio of 14.08 and a beta of 0.68. The stock has a fifty day moving average of $7.93 and a 200 day moving average of $7.44.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share (EPS) 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 net margin of 17.80% and a return on equity of 7.46%. As a group, sell-side analysts predict that Capitol Federal Financial will post 0.71 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 56.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CFFN. Osaic Holdings Inc. grew its position in shares of Capitol Federal Financial by 474.6% during the second 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Capitol Federal Financial by 180.5% in the second 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 purchased a new stake in shares of Capitol Federal Financial in the first quarter worth about $59,000. Qube Research & Technologies Ltd bought a new position in Capitol Federal Financial during the second quarter valued at approximately $64,000. Finally, Tudor Investment Corp ET AL purchased a new position in Capitol Federal Financial during the 3rd quarter valued at approximately $70,000. 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.