Zacks Investment Research upgraded shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) from a hold rating to a buy rating in a research report released on Monday, July 31st. The brokerage currently has $16.00 target price on the savings and loans company’s stock.
According to Zacks, “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. “
A number of other research analysts also recently issued reports on CFFN. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $15.00 price objective on shares of Capitol Federal Financial in a research report on Wednesday, April 5th. BidaskClub raised shares of Capitol Federal Financial from a strong sell rating to a sell rating in a research report on Wednesday, June 28th.
Shares of Capitol Federal Financial (CFFN) traded down 0.95% during trading on Monday, hitting $13.50. 445,352 shares of the stock traded hands. The stock has a market cap of $1.81 billion, a PE ratio of 21.46 and a beta of 0.45. Capitol Federal Financial has a 12 month low of $13.44 and a 12 month high of $17.04. The firm’s 50-day moving average price is $14.01 and its 200-day moving average price is $14.50.
Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Capitol Federal Financial had a net margin of 25.51% and a return on equity of 6.12%. The firm had revenue of $54.82 million for the quarter, compared to the consensus estimate of $54.30 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Analysts anticipate that Capitol Federal Financial will post $0.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, August 2nd. Capitol Federal Financial’s payout ratio is currently 53.97%.
In other news, insider Carlton A. Ricketts acquired 4,525 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $14.04 per share, with a total value of $63,531.00. Following the transaction, the insider now directly owns 53,545 shares in the company, valued at $751,771.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CFFN. FMR LLC increased its stake in Capitol Federal Financial by 142.3% in the fourth quarter. FMR LLC now owns 70,500 shares of the savings and loans company’s stock valued at $1,160,000 after buying an additional 41,400 shares in the last quarter. Guggenheim Capital LLC increased its stake in Capitol Federal Financial by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 14,930 shares of the savings and loans company’s stock valued at $246,000 after buying an additional 432 shares in the last quarter. AQR Capital Management LLC increased its stake in Capitol Federal Financial by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 41,472 shares of the savings and loans company’s stock valued at $683,000 after buying an additional 144 shares in the last quarter. Norges Bank bought a new stake in Capitol Federal Financial during the fourth quarter valued at $22,528,000. Finally, Teachers Advisors LLC increased its stake in Capitol Federal Financial by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 240,919 shares of the savings and loans company’s stock valued at $3,966,000 after buying an additional 10,240 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.
About Capitol Federal Financial
Capitol Federal Financial, Inc is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal Savings Bank (the Bank), a federal savings bank that serves primarily the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia and Salina, Kansas and portions of the metropolitan area of greater Kansas City.
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