Capitol Federal Financial (NASDAQ:CFFN) Reaches New 12-Month High – What’s Next?

Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.82 and last traded at $6.82, with a volume of 1855 shares trading hands. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

CFFN has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods upped their price objective on Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Capitol Federal Financial Stock Performance

The company has a 50-day moving average of $5.97 and a 200-day moving average of $5.66. The firm has a market capitalization of $856.17 million, a P/E ratio of 22.24 and a beta of 0.47. The company has a current ratio of 1.31, a quick ratio of 1.34 and a debt-to-equity ratio of 2.11.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $101.65 million during the quarter, compared to analyst estimates of $45.40 million. Capitol Federal Financial had a return on equity of 4.69% and a net margin of 9.95%. During the same period last year, the company posted $0.04 EPS. On average, equities analysts anticipate that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 5.27%. The ex-dividend date is Friday, November 1st. Capitol Federal Financial’s payout ratio is currently 117.25%.

Hedge Funds Weigh In On Capitol Federal Financial

A number of hedge funds have recently added to or reduced their stakes in CFFN. IFS Advisors LLC boosted its holdings in Capitol Federal Financial by 1,865.5% during the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock worth $26,000 after purchasing an additional 4,216 shares during the last quarter. GAMMA Investing LLC boosted its stake in Capitol Federal Financial by 153.7% in the second quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company’s stock valued at $53,000 after acquiring an additional 5,848 shares during the last quarter. Wealthstream Advisors Inc. purchased a new stake in shares of Capitol Federal Financial during the 2nd quarter worth approximately $55,000. EntryPoint Capital LLC bought a new position in Capitol Federal Financial during the first quarter valued at $62,000. Finally, CWM LLC lifted its position in shares of Capitol Federal Financial by 533.2% during the 2nd quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock valued at $65,000 after buying an additional 9,922 shares during the last quarter. Institutional investors and hedge funds 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.