Capitol Federal Financial (NASDAQ:CFFN) Issues Quarterly Earnings Results

Key Points

• Quarterly results: Capitol Federal reported EPS of $0.16 versus $0.17 expected (miss by $0.01) and revenue of $56.62M versus $56.97M, with a return on equity of 6.99% and net margin of 16.98%.
• Dividend: The company declared a quarterly dividend of $0.085 (annualized $0.34), implying a ~4.5% yield with an ex-dividend date of May 1 and a payout ratio of 60.71%.
• Stock and outlook: Market cap is roughly $980M with a P/E of 13.48 and a 52-week range of $5.51–$7.97; institutional investors own 88.51% of shares and analysts hold a consensus "Hold" rating with a $7.25 target.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) posted its earnings results on Wednesday. The savings and loans company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01), Zacks reports. The firm had revenue of $56.62 million for the quarter, compared to analyst estimates of $56.97 million. Capitol Federal Financial had a return on equity of 6.99% and a net margin of 16.98%.

Capitol Federal Financial Stock Performance

CFFN opened at $7.55 on Thursday. The firm has a market cap of $980.29 million, a P/E ratio of 13.48 and a beta of 0.67. Capitol Federal Financial has a 52-week low of $5.51 and a 52-week high of $7.97. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.24 and a current ratio of 1.24. The business's fifty day moving average is $7.32 and its 200-day moving average is $6.96.

Capitol Federal Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, May 1st. Capitol Federal Financial's dividend payout ratio is 60.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in Capitol Federal Financial by 474.6% during the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company's stock worth $35,000 after buying an additional 4,760 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Capitol Federal Financial by 180.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company's stock valued at $52,000 after buying an additional 5,470 shares in the last quarter. Strs Ohio acquired a new position in shares of Capitol Federal Financial in the 1st quarter valued at approximately $59,000. Qube Research & Technologies Ltd bought a new stake in shares of Capitol Federal Financial during the 2nd quarter worth approximately $64,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Capitol Federal Financial during the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 88.51% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CFFN shares. Keefe, Bruyette & Woods raised their price target on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the stock a "market perform" rating in a research report on Thursday, January 29th. Weiss Ratings restated a "hold (c)" rating on shares of Capitol Federal Financial in a research report on Friday, March 27th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.25.

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.