Cambridge Investment Research Advisors Inc. reduced its position in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 20.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,628 shares of the savings and loans company’s stock after selling 2,981 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Capitol Federal Financial were worth $170,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in Capitol Federal Financial by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 803,611 shares of the savings and loans company’s stock valued at $11,756,000 after buying an additional 42,055 shares in the last quarter. First Trust Advisors LP raised its position in 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 valued at $22,563,000 after buying an additional 413,606 shares in the last quarter. Bank of Montreal Can raised 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 valued at $4,458,000 after buying an additional 53,618 shares in the last quarter. Teachers Advisors LLC raised its position in Capitol Federal Financial by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 240,919 shares of the savings and loans company’s stock valued at $3,966,000 after buying an additional 10,240 shares in the last quarter. Finally, Norges Bank acquired a new position in Capitol Federal Financial during the fourth quarter valued at $22,528,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Shares of Capitol Federal Financial, Inc. (NASDAQ CFFN) traded up 1.28% during midday trading on Friday, hitting $14.25. The company had a trading volume of 395,133 shares. The company’s 50-day moving average price is $14.09 and its 200 day moving average price is $14.64. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 22.66 and a beta of 0.45. Capitol Federal Financial, Inc. has a 12-month low of $13.55 and a 12-month high of $17.04.
Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Thursday, July 27th. The savings and loans company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Capitol Federal Financial had a net margin of 25.51% and a return on equity of 6.10%. The firm had revenue of $54.82 million during the quarter, compared to analyst estimates of $54.30 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities research analysts predict that Capitol Federal Financial, Inc. will post $0.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.34 annualized dividend and a yield of 2.39%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 53.97%.
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Several research firms have issued reports on CFFN. BidaskClub downgraded Capitol Federal Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. 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 research report on Friday, June 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of Capitol Federal Financial in a report on Wednesday, April 5th.
Capitol Federal Financial Company Profile
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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