Capitol Federal Financial, Inc. (NASDAQ:CFFN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Capitol Federal Financial (NASDAQ:CFFN) traded up 0.89% during midday trading on Tuesday, hitting $14.73. The stock had a trading volume of 209,270 shares. The company’s 50 day moving average is $14.66 and its 200 day moving average is $15.28. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 23.76 and a beta of 0.45. Capitol Federal Financial has a 1-year low of $12.97 and a 1-year high of $17.04.
Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Friday, January 27th. The savings and loans company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $52.57 million for the quarter, compared to the consensus estimate of $54.20 million. Capitol Federal Financial had a return on equity of 6.01% and a net margin of 25.64%. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities analysts anticipate that Capitol Federal Financial will post $0.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.33%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 54.84%.
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In other news, insider Kent G. Townsend sold 103,804 shares of Capitol Federal Financial stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $15.16, for a total transaction of $1,573,668.64. Following the transaction, the insider now owns 216,082 shares in the company, valued at $3,275,803.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel L. Lehman sold 15,000 shares of Capitol Federal Financial stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $15.25, for a total transaction of $228,750.00. Following the transaction, the insider now owns 17,763 shares in the company, valued at approximately $270,885.75. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Capitol Federal Financial by 0.8% in the third quarter. California State Teachers Retirement System now owns 269,959 shares of the savings and loans company’s stock worth $3,798,000 after buying an additional 2,100 shares during the period. SG Americas Securities LLC acquired a new position in shares of Capitol Federal Financial during the third quarter worth approximately $333,000. Frontier Investment Mgmt Co. raised its position in shares of Capitol Federal Financial by 4.9% in the third quarter. Frontier Investment Mgmt Co. now owns 756,470 shares of the savings and loans company’s stock worth $10,644,000 after buying an additional 35,206 shares during the period. Rhumbline Advisers raised its position in Capitol Federal Financial by 1.7% in the third quarter. Rhumbline Advisers now owns 177,134 shares of the savings and loans company’s stock valued at $2,492,000 after buying an additional 2,935 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Capitol Federal Financial by 7.6% in the third quarter. BlackRock Fund Advisors now owns 3,485,838 shares of the savings and loans company’s stock valued at $49,046,000 after buying an additional 247,009 shares during the last quarter. Institutional investors own 75.88% of the company’s stock.
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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