Capitol Federal Financial Inc. (CFFN) Rating Increased to Hold at Zacks Investment Research
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 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. “
Separately, Stephens started coverage on Capitol Federal Financial in a research note on Friday, August 26th. They issued an “equal weight” rating on the stock.
Shares of Capitol Federal Financial (NASDAQ:CFFN) opened at 16.12 on Tuesday. The stock has a 50 day moving average of $14.50 and a 200-day moving average of $14.01. The stock has a market capitalization of $2.15 billion, a P/E ratio of 25.71 and a beta of 0.39. Capitol Federal Financial has a one year low of $11.39 and a one year high of $16.39.
Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Capitol Federal Financial had a return on equity of 6.00% and a net margin of 25.74%. Equities analysts forecast that Capitol Federal Financial will post $0.62 earnings per share for the current year.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.29 per share. This is an increase from Capitol Federal Financial’s previous dividend of $0.25. The ex-dividend date is Wednesday, November 16th. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 53.97%.
In related news, insider Carlton A. Ricketts sold 79,295 shares of Capitol Federal Financial stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $14.43, for a total transaction of $1,144,226.85. Following the transaction, the insider now owns 104,020 shares in the company, valued at $1,501,008.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of Capitol Federal Financial by 108.0% in the third quarter. BNP Paribas Arbitrage SA now owns 10,765 shares of the company’s stock worth $151,000 after buying an additional 5,590 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Capitol Federal Financial during the third quarter worth approximately $160,000. Cambridge Investment Research Advisors Inc. increased its stake in Capitol Federal Financial by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,515 shares of the company’s stock worth $161,000 after buying an additional 79 shares in the last quarter. TFS Capital LLC acquired a new stake in Capitol Federal Financial during the second quarter worth approximately $164,000. Finally, BlackRock Inc. increased its stake in Capitol Federal Financial by 48.9% in the first quarter. BlackRock Inc. now owns 12,592 shares of the company’s stock worth $167,000 after buying an additional 4,138 shares in the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.
About Capitol Federal Financial
Capitol Federal Financial, Inc is the savings and loan holding company for Capitol Federal Savings Bank (Capitol Federal Savings or the Bank). The Company 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.
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