Capitol Federal Financial (NASDAQ:CFFN) Releases Quarterly Earnings Results, Hits Expectations

Capitol Federal Financial (NASDAQ:CFFN) released its earnings results on Wednesday. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18, Zacks reports. The company had revenue of $60.86 million for the quarter, compared to the consensus estimate of $61.12 million. Capitol Federal Financial had a net margin of 18.69% and a return on equity of 8.01%.

Capitol Federal Financial Price Performance

Shares of NASDAQ CFFN opened at $8.40 on Thursday. Capitol Federal Financial has a twelve month low of $5.97 and a twelve month high of $9.26. The stock’s 50 day moving average price is $8.55 and its 200-day moving average price is $7.97. The company has a market capitalization of $1.06 billion, a PE ratio of 12.92 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60.

Capitol Federal Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be given a dividend of $0.0850 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.34 annualized dividend and a dividend yield of 4.0%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 52.31%.

Analysts Set New Price Targets

A number of research firms have commented on CFFN. 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, August 3rd. New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a report on Thursday, July 9th. Benchmark initiated coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Weiss Ratings cut shares of Capitol Federal Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.25.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The bank primarily provides residential mortgage lending, including loans for the purchase and refinancing of single-family homes, along with commercial real estate, construction, consumer, and other lending products.

Capitol Federal Savings Bank also offers deposit services such as checking and savings accounts, money market accounts, certificates of deposit, and other transaction and savings products.