According to one analyst, the rating for CFFN stock is “Hold” and the 12-month stock price forecast is $7.5. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Crude Value Insights offers you an investing service and community focused on oil and natural gas.
Compare
CFFN’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. Upgrade to MarketBeat All Access to add more stocks to your watchlist. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
Prior to this year, the bank had done quite well in terms of growing its top and bottom lines. But we have seen some weakness this year because of higher interest rates. But on the whole, I feel as though the bank is attractive enough to rate a soft ‘buy’ at this time. Driven by https://1investing.in/ high amounts of debt, declining profits, and continued weakness when it comes to deposits, Capitol Federal Financial is still down 36% compared to where the stock ended in February of this year. For context, at its low point after February, shares were down as much as 37.4%.
CFFN’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Normally, the continued decline in deposits would cause me to be concerned. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. Capitol Federal Financial announced a quarterly dividend on Tuesday, July 25th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.085 per share on Friday, August 18th. This represents a $0.34 annualized dividend and a dividend yield of 6.48%.
Over this window of time, non-interest income inched up from $19.6 million to $22.8 million. Both of these, combined, caused net income to grow from $64.5 million to $84.5 million. This is not to say that everything has gone fantastic from a revenue and profit perspective. In the first three quarters of 2023, net interest income for the bank came in at $116.7 million. As the chart above illustrates, both non-interest income and net profits also declined on a year-over-year basis, with the latter dropping by almost half from $65 million to $38.7 million. These three financial-sector stocks are all sharply higher, despite the overall pressure on the stock market.
Capitol Federal Financial, Inc. operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit. In addition, the company offers mobile, telephone, and online banking services, as well as bill payment services; operates a call center; and invests in various securities. The company serves the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia, and Salina, Kansas, and a portion of the metropolitan area of greater Kansas City. Capitol Federal Financial, Inc. was founded in 1893 and is headquartered in Topeka, Kansas. Capitol Federal Financial Inc is a bank holding company that operates through its wholly-owned subsidiary bank, Capitol Federal Savings Bank.
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
About $2.58 billion of this amount was in the form of loans that the bank purchased, with about $3.99 billion involving loans that it originated. The second-largest concentration of loans involved commercial properties, at about $1.22 billion. All things considered, I must say that I am fairly pleased with Capitol Federal Financial. It’s a bit more complicated to digest its fundamental picture because it deviates in multiple ways, some positive, and some negative, from many of the other banks that I have looked at. Uninsured deposit exposure is lower, but overall deposits have really failed to grow. Debt is high while the book value per share has continued to drop.
However, in the third quarter, which was the first full quarter for which the effects of the banking crisis played out, deposits fell again, totaling $6.09 billion. Though that is not a large drop, it is still discouraging to see during these uncertain times. The really good thing about the deposit picture, however, is that, as of the end of the most recent quarter, only 11.1% of deposits were classified as uninsured. This is some of the lowest exposure that I have seen in a bank this year. That certainly makes the picture better from a risk perspective.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply. We’d like to share more about how we work and what drives our day-to-day business.
IBB Makes Bullish Cross Above Critical Moving Average.
Posted: Mon, 17 Jul 2023 07:00:00 GMT [source]
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Get stock recommendations, interest rate futures india portfolio guidance, and more from The Motley Fool’s premium services. The scores are based on the trading styles of Value, Growth, and Momentum.
The bank is a community-oriented financial institution that offers a variety of financial services through tens of locations. It primarily serves metropolitan areas within the state of Kansas. The bank performs traditional banking functions such as deposit-taking activities and investing that money in first-lien residential mortgages. It also participates in commercial real estate loans with other lenders, investing those funds in various securities. The vast majority of the bank’s loan portfolio is in originated one- to four-family real estate loans.
A lot of this pain recently has come from higher interest expense that the company has had to cover. For the first nine months of 2023, for instance, interest paid on deposits totaled $52.5 million. This was more than double the $25.4 million reported one year earlier. But the real pain came from a surge in the interest expense paid on borrowings.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
As of the end of its most recent fiscal year, the institution had 54 different branches spread between nine counties in Kansas and three counties in Missouri. 45 of these branches are traditional in nature, while the remaining nine are in store branches. Capitol Federal Financial, Inc. is a holding company, which operates as a community-oriented financial institution. It offers a variety of financial products and services, including checking and savings account, eBanking, trust and brokerage, and insurance. The company was founded in 1893 and is headquartered in Topeka, KS.
NO COMMENTS
11 LIKES
