Bank of Montreal Can decreased its stake in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,406 shares of the savings and loans company’s stock after selling 1,300 shares during the period. Bank of Montreal Can owned 0.23% of Capitol Federal Financial worth $4,312,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CFFN. Goldman Sachs Group Inc. raised its position in Capitol Federal Financial by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 267,520 shares of the savings and loans company’s stock valued at $3,914,000 after buying an additional 97,320 shares during the period. Paloma Partners Management Co acquired a new position in Capitol Federal Financial during the first quarter valued at approximately $203,000. Schwab Charles Investment Management Inc. raised its position in Capitol Federal Financial by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 748,500 shares of the savings and loans company’s stock valued at $10,951,000 after buying an additional 58,787 shares during the period. BlackRock Inc. raised its position in Capitol Federal Financial by 23,965.8% in the first quarter. BlackRock Inc. now owns 8,602,313 shares of the savings and loans company’s stock valued at $125,851,000 after buying an additional 8,566,568 shares during the period. Finally, Renaissance Technologies LLC raised its position in Capitol Federal Financial by 15.9% in the first quarter. Renaissance Technologies LLC now owns 7,480,897 shares of the savings and loans company’s stock valued at $109,446,000 after buying an additional 1,024,039 shares during the period. Institutional investors and hedge funds own 75.42% of the company’s stock.
Capitol Federal Financial, Inc. (NASDAQ CFFN) traded up 0.28% during midday trading on Friday, hitting $14.08. 41,719 shares of the stock traded hands. The stock has a 50-day moving average of $14.07 and a 200 day moving average of $14.59. The firm has a market cap of $1.89 billion, a PE ratio of 22.38 and a beta of 0.45. Capitol Federal Financial, Inc. has a 52-week low of $13.55 and a 52-week high of $17.04.
Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $54.82 million for the quarter, compared to analysts’ expectations of $54.30 million. Capitol Federal Financial had a net margin of 25.51% and a return on equity of 6.10%. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts forecast that Capitol Federal Financial, Inc. will post $0.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a dividend of $0.085 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.34 annualized dividend and a dividend yield of 2.42%. Capitol Federal Financial’s payout ratio is 53.97%.
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Several research firms have commented on CFFN. BidaskClub upgraded shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Capitol Federal Financial from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday.
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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