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

Capitol Federal Financial (NASDAQ:CFFN) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.23 and last traded at $9.2230, with a volume of 90228 shares changing hands. The stock had previously closed at $8.84.

Wall Street Analysts Forecast Growth

CFFN has been the subject of several research analyst reports. Benchmark started coverage on shares of Capitol Federal Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price objective for the company. New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a research report on Thursday, July 9th. 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. Finally, Piper Sandler raised their price target on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Capitol Federal Financial Trading Up 1.0%

The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 1.60. The stock has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $7.72. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.14 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $58.65 million.

Capitol Federal Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a $0.085 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a yield of 3.7%. Capitol Federal Financial’s dividend payout ratio is currently 52.31%.

Hedge Funds Weigh In On Capitol Federal Financial

A number of institutional investors have recently bought and sold shares of CFFN. Osaic Holdings Inc. lifted its stake 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 valued at $35,000 after acquiring an additional 4,760 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 5,470 shares during the period. Strs Ohio purchased a new position in shares of Capitol Federal Financial during the first quarter worth $59,000. Qube Research & Technologies Ltd purchased a new position in shares of Capitol Federal Financial during the second quarter worth $64,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Capitol Federal Financial during the third quarter worth $70,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

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.