CFFN - Capitol Federal Financial: Over 6% Dividend Yield Attractively Valued
2024-05-23 10:24:17 ET
Summary
- Residential mortgage volume will grow in upcoming quarters, mostly because of the anticipated interest rate cuts.
- Going forward, the margin will face pressure amid the falling interest-rate environment.
- The September 2024 target price suggests a 20% potential price upside.
- CFFN is offering a high dividend yield of 6.6%.
Earnings of Capitol Federal Financial, Inc. ( CFFN ) will likely receive support from improvement in loan growth. However, pressure on the margin will restrict earnings growth. Overall, I’m expecting the company to report earnings of $0.35 per share for FY2024 and $0.45 per share for FY2025. The September 2024 target price suggests a high upside from the current market price. Additionally, the company is offering a very high dividend yield of 6.6%. As a result, I’m maintaining a Buy rating on Capitol Federal Financial....
Capitol Federal Financial: Over 6% Dividend Yield, Attractively Valued