Stock of The Day: Does Capitol Federal Financial, Inc. Have More Gas After Touching 52-Week High?

Stock of The Day: Does Capitol Federal Financial, Inc. Have More Gas After Touching 52 Week High?

The stock of Capitol Federal Financial, Inc. (NASDAQ:CFFN) hit a new 52-week high and has $23.49 target or 44.00% above today’s $16.31 share price. The 8 months bullish chart indicates low risk for the $2.30B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $23.49 price target is reached, the company will be worth $1.01 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 130,069 shares traded hands. Capitol Federal Financial, Inc. (NASDAQ:CFFN) has risen 23.24% since April 12, 2016 and is uptrending. It has outperformed by 18.25% the S&P500.

According to Zacks Investment Research, “Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Savings Bank is the only operating subsidiary. The bank is a community-oriented financial institution offering a variety of financial services to meet the needs of the communities we serve. They attract retail deposits from the general public and invest those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences.”

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.24, from 1.03 in 2016Q1. The ratio dropped, as 12 funds sold all Capitol Federal Financial, Inc. shares owned while 55 reduced positions. 17 funds bought stakes while 36 increased positions. They now own 104.12 million shares or 0.31% more from 103.80 million shares in 2016Q1.
King Luther holds 0% or 34,100 shares in its portfolio. Shinko Asset Management Limited accumulated 0.03% or 263,234 shares. Voya Inv Management holds 59,887 shares or 0% of its portfolio. Chicago Equity Prtnrs Ltd Company holds 0.05% or 117,550 shares in its portfolio. Teachers Advisors, a New York-based fund reported 668,437 shares. Citadel Limited Liability last reported 0% of its portfolio in the stock. Td Asset Incorporated accumulated 0% or 68,589 shares. Swiss Savings Bank owns 217,100 shares or 0% of their US portfolio. Susquehanna Group Inc Ltd Liability Partnership has 0% invested in the company for 164,294 shares. Moreover, Catalyst Cap Advsr Lc has 0.16% invested in Capitol Federal Financial, Inc. (NASDAQ:CFFN) for 63,900 shares. Gradient Invs Lc holds 0% or 1,063 shares in its portfolio. Tfs Cap Ltd Liability Company owns 11,777 shares or 0.03% of their US portfolio. Aperio Grp Limited Liability Corporation has 72,115 shares for 0.01% of their US portfolio. Manufacturers Life Ins The holds 0% of its portfolio in Capitol Federal Financial, Inc. (NASDAQ:CFFN) for 80,944 shares. Country Club Tru Company Na accumulated 0.02% or 12,059 shares.

More recent Capitol Federal Financial, Inc. (NASDAQ:CFFN) news were published by: Prnewswire.com which released: “Capitol Federal Financial, Inc. Announces Fiscal Year 2016 Cash True-Up Dividend” on October 27, 2016. Also Prnewswire.com published the news titled: “Capitol Federal Financial, Inc. Announces Annual Stockholders Meeting Date” on October 14, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Capitol Federal Financial, Pinnacle Financial Partners …” with publication date: October 31, 2016 was also an interesting one.

CFFN Company Profile

Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding firm for Capitol Federal Savings Bank (Capitol Federal Savings or the Bank). The Firm is a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves. It attracts retail deposits from the general public and invests those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences. Capitol Federal Savings Bank is a federally chartered and insured savings bank. The Bank has a network of approximately 50 branches (approximately 40 traditional branches and approximately 10 in-store branches) located in approximately nine counties throughout Kansas and over three counties in Missouri. It primarily serves the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia, and Salina, Kansas and a portion of the metropolitan area of greater Kansas City. In addition to providing full service banking offices, it provides its clients mobile banking, telephone banking and bill payment services, and online banking and bill payment services. It also has a call center, which operates on extended hours.

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