Ieq Capital LLC Buys Shares of 496,579 Capitol Federal Financial $CFFN

Ieq Capital LLC purchased a new position in shares of Capitol Federal Financial (NASDAQ:CFFN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 496,579 shares of the savings and loans company’s stock, valued at approximately $4,226,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. increased its holdings in shares of Capitol Federal Financial by 474.6% during the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 4,760 shares during the period. Allworth Financial LP acquired a new stake in Capitol Federal Financial in the second quarter worth about $37,000. EverSource Wealth Advisors LLC grew its position in Capitol Federal Financial by 180.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after buying an additional 5,470 shares in the last quarter. Strs Ohio acquired a new position in Capitol Federal Financial during the 1st quarter valued at about $59,000. Finally, Qube Research & Technologies Ltd acquired a new position in Capitol Federal Financial during the 2nd quarter valued at about $64,000. Institutional investors own 88.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CFFN shares. New Street Research set a $10.00 price target on shares of Capitol Federal Financial in a research note on Thursday, July 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capitol Federal Financial in a research note on Friday, August 7th. Benchmark started coverage on Capitol Federal Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Piper Sandler increased their price target on Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Capitol Federal Financial has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Capitol Federal Financial Price Performance

Shares of NASDAQ CFFN opened at $8.53 on Tuesday. Capitol Federal Financial has a twelve month low of $5.97 and a twelve month high of $9.26. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.12 and a beta of 0.68. The firm has a 50-day moving average of $8.58 and a two-hundred day moving average of $7.89.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $60.15 million during the quarter, compared to analyst estimates of $58.65 million. Capitol Federal Financial had a net margin of 18.69% and a return on equity of 8.01%.

Capitol Federal Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, August 7th. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 52.31%.

About Capitol Federal Financial

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.