Capitol Federal Financial (NASDAQ:CFFN) Reaches New 12-Month High on Better-Than-Expected Earnings

Capitol Federal Financial (NASDAQ:CFFN)’s share price hit a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $7.31 and last traded at $7.2250, with a volume of 710805 shares. The stock had previously closed at $6.94.

The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $56.80 million for the quarter, compared to the consensus estimate of $56.02 million. Capitol Federal Financial had a return on equity of 6.54% and a net margin of 16.19%.

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. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.34 annualized dividend and a dividend yield of 4.8%. This is an increase from Capitol Federal Financial’s previous quarterly dividend of $0.04. Capitol Federal Financial’s dividend payout ratio is 65.38%.

Analyst Ratings Changes

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

Insider Buying and Selling at Capitol Federal Financial

In related news, EVP Rick C. Jackson acquired 8,000 shares of the stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $6.05 per share, with a total value of $48,400.00. Following the purchase, the executive vice president directly owned 156,752 shares of the company’s stock, valued at approximately $948,349.60. This represents a 5.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Capitol Federal Financial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock worth $412,000 after acquiring an additional 3,036 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Capitol Federal Financial during the 1st quarter worth about $119,000. Caxton Associates LLP acquired a new stake in Capitol Federal Financial during the 1st quarter worth approximately $315,000. Jane Street Group LLC increased its position in Capitol Federal Financial by 18.4% during the 1st quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock worth $1,173,000 after purchasing an additional 32,523 shares in the last quarter. Finally, Strs Ohio purchased a new position in Capitol Federal Financial in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Capitol Federal Financial Trading Up 2.3%

The stock has a market capitalization of $933.22 million, a price-to-earnings ratio of 13.65 and a beta of 0.69. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day simple moving average is $6.81 and its two-hundred day simple moving average is $6.44.

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.