Capitol Federal Financial (NASDAQ:CFFN) Posts Quarterly Earnings Results, Meets Expectations

Capitol Federal Financial (NASDAQ:CFFN) announced its quarterly earnings results on Wednesday. The savings and loans company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19, Zacks reports. The business had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $58.65 million. Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%.

Capitol Federal Financial Stock Performance

Shares of NASDAQ CFFN traded down $0.12 during trading hours on Wednesday, reaching $8.66. The stock had a trading volume of 507,944 shares, compared to its average volume of 883,505. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 14.44 and a beta of 0.68. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average is $8.23 and its two-hundred day moving average is $7.64. Capitol Federal Financial has a twelve month low of $5.71 and a twelve month high of $8.84.

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. Capitol Federal Financial’s payout ratio is currently 56.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CFFN. Benchmark began coverage on shares of Capitol Federal Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $10.00 price target on the stock. New Street Research set a $10.00 target price on Capitol Federal Financial in a research report on Thursday, July 9th. Weiss Ratings raised shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Piper Sandler boosted their price objective on shares of 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 research 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 stock. Based on data from MarketBeat, Capitol Federal Financial currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in shares of Capitol Federal Financial by 474.6% in 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 worth $52,000 after purchasing an additional 5,470 shares during the last quarter. Strs Ohio acquired a new stake in shares of Capitol Federal Financial in the first quarter valued at $59,000. Qube Research & Technologies Ltd bought a new position in shares of Capitol Federal Financial in the second quarter valued at about $64,000. Finally, Coldstream Capital Management Inc. bought a new stake in Capitol Federal Financial during the 3rd quarter worth about $71,000. 88.51% of the stock is owned by institutional investors and hedge funds.

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.