Zacks Investment Research cut shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) from a buy rating to a hold rating in a research report report published on Friday, September 22nd.
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, BidaskClub upgraded Capitol Federal Financial from a sell rating to a hold rating in a research report on Wednesday, August 2nd.
Shares of Capitol Federal Financial (NASDAQ:CFFN) traded down 0.41% on Friday, hitting $14.70. 631,415 shares of the stock traded hands. Capitol Federal Financial has a 12-month low of $13.21 and a 12-month high of $17.04. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 23.37 and a beta of 0.46. The stock has a 50-day moving average price of $13.74 and a 200 day moving average price of $14.17.
Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Thursday, July 27th. The savings and loans company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Capitol Federal Financial had a return on equity of 6.12% and a net margin of 25.51%. The firm had revenue of $54.82 million during the quarter, compared to the consensus estimate of $54.30 million. During the same period last year, the company earned $0.15 earnings per share. On average, analysts anticipate that Capitol Federal Financial will post $0.64 earnings per share for the current fiscal year.
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In other news, insider Natalie G. Haag acquired 2,200 shares of Capitol Federal Financial stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $13.66 per share, with a total value of $30,052.00. Following the completion of the purchase, the insider now owns 49,959 shares of the company’s stock, valued at approximately $682,439.94. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carlton A. Ricketts bought 4,525 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $14.04 per share, for a total transaction of $63,531.00. Following the transaction, the insider now owns 53,545 shares of the company’s stock, valued at $751,771.80. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in Capitol Federal Financial by 0.9% in the second quarter. IFP Advisors Inc now owns 17,238 shares of the savings and loans company’s stock worth $245,000 after purchasing an additional 157 shares during the last quarter. Amalgamated Bank boosted its position in Capitol Federal Financial by 1.3% in the second quarter. Amalgamated Bank now owns 16,238 shares of the savings and loans company’s stock worth $231,000 after purchasing an additional 210 shares during the last quarter. Pacad Investment Ltd. boosted its position in Capitol Federal Financial by 4.0% in the second quarter. Pacad Investment Ltd. now owns 7,800 shares of the savings and loans company’s stock worth $111,000 after purchasing an additional 300 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Capitol Federal Financial by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 96,011 shares of the savings and loans company’s stock worth $1,363,000 after purchasing an additional 445 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Capitol Federal Financial by 7.0% in the second quarter. Prudential Financial Inc. now owns 14,881 shares of the savings and loans company’s stock worth $211,000 after purchasing an additional 980 shares during the last quarter. 75.33% of the stock is currently owned by 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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