Capitol Federal Financial, Inc. (CFFN) Upgraded to Hold at BidaskClub
BidaskClub upgraded shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) from a sell rating to a hold rating in a research report released on Saturday.
Separately, Zacks Investment Research raised Capitol Federal Financial from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Friday, June 9th.
Capitol Federal Financial (NASDAQ:CFFN) traded up 1.48% during mid-day trading on Friday, hitting $13.71. 321,851 shares of the stock were exchanged. The stock has a 50 day moving average price of $13.86 and a 200 day moving average price of $14.35. The company has a market capitalization of $1.84 billion, a PE ratio of 21.80 and a beta of 0.45. Capitol Federal Financial has a 1-year low of $13.21 and a 1-year high of $17.04.
Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Thursday, July 27th. The savings and loans company reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Capitol Federal Financial had a return on equity of 6.12% and a net margin of 25.51%. The business had revenue of $54.82 million for the quarter, compared to the consensus estimate of $54.30 million. During the same period in the previous year, the company posted $0.15 earnings per share. On average, equities analysts anticipate that Capitol Federal Financial will post $0.64 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, August 2nd. Capitol Federal Financial’s payout ratio is currently 53.97%.
In other Capitol Federal Financial news, insider Carlton A. Ricketts purchased 4,525 shares of the stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $14.04 per share, with a total value of $63,531.00. Following the completion of the acquisition, the insider now directly owns 53,545 shares in the company, valued at approximately $751,771.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Natalie G. Haag purchased 2,200 shares of the stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $13.66 per share, for a total transaction of $30,052.00. Following the completion of the acquisition, the insider now owns 49,959 shares of the company’s stock, valued at $682,439.94. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CFFN. First Trust Advisors LP increased its position in shares of Capitol Federal Financial by 36.6% in the first quarter. First Trust Advisors LP now owns 1,542,238 shares of the savings and loans company’s stock worth $22,563,000 after buying an additional 413,606 shares during the last quarter. Bank of Montreal Can increased its position in Capitol Federal Financial by 21.4% in the first quarter. Bank of Montreal Can now owns 304,706 shares of the savings and loans company’s stock worth $4,458,000 after buying an additional 53,618 shares in the last quarter. Boyer & Corporon Wealth Management LLC purchased a new position in Capitol Federal Financial during the first quarter worth $326,000. Paloma Partners Management Co purchased a new position in Capitol Federal Financial during the first quarter worth $203,000. Finally, Guggenheim Capital LLC increased its position 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 worth $246,000 after buying an additional 432 shares in the last quarter. 75.64% of the stock is currently owned by hedge funds and other 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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