Morris James G., a director at Capitol Federal Financial , Inc. (NASDAQ:CFFN), recently acquired additional shares of the company's common stock, according to a filing with the Securities and Exchange Commission. On December 2, Mr. Morris purchased a total of 15,000 shares in two separate transactions. The shares were bought at prices ranging from $6.8067 to $6.8723 per share, resulting in a total investment of $102,647. The $858 million market cap company has shown strong momentum with a 35.6% price return over the past six months. InvestingPro analysis indicates the stock is currently trading near its Fair Value. Following these transactions, Mr. Morris now holds 85,995 shares directly. This acquisition reflects continued confidence in Capitol Federal Financial, a federally chartered savings institution headquartered in Topeka, Kansas. The company maintains a notable 5.1% dividend yield and has sustained dividend payments for 26 consecutive years. For deeper insights into insider trading patterns and additional financial metrics, visit InvestingPro, which offers 6 more key investment tips for CFFN.
In other recent news, Capitol Federal Financial has been the subject of multiple analyst updates following its recent financial results. The company reported fourth fiscal quarter earnings per share (EPS) of $0.09, surpassing estimates by Piper Sandler and other analysts. This earnings beat was due to a negative provision of $637,000 and lower than expected expenses, both contributing $0.01 to the EPS. Additionally, net interest income (NII) met forecasts, with a slightly stronger margin than predicted.
In contrast, the company's third quarter EPS of $0.07 missed market consensus by $0.04, primarily due to a higher tax rate and lower net interest income. However, Capitol Federal managed to keep expenses below anticipated levels and reported near 1% growth in loans.
Analysts from Piper Sandler and Keefe, Bruyette & Woods have adjusted their outlooks on Capitol Federal. Piper Sandler raised the stock's price target to $7.00, while KBW lowered their fiscal year 2024 and 2025 EPS estimates for the company and reduced the stock's price target to $6.00. Other recent developments include a quarterly earnings report in line with expectations, an 11 basis point increase in net interest margin, a 3% decline in loans, and an 8% increase in deposits.
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