Zacks Investment Research lowered shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) from a buy rating to a hold rating in a research note issued to investors 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 raised shares of Capitol Federal Financial from a sell rating to a hold rating in a research report on Saturday, August 26th.
Capitol Federal Financial (NASDAQ:CFFN) traded down 0.41% during midday trading on Friday, reaching $14.70. The company had a trading volume of 631,415 shares. Capitol Federal Financial has a 52 week low of $13.21 and a 52 week high of $17.04. The firm has a 50-day moving average price of $13.74 and a 200-day moving average price of $14.17. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 23.37 and a beta of 0.46.
Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Thursday, July 27th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The company had revenue of $54.82 million for the quarter, compared to analyst estimates of $54.30 million. Capitol Federal Financial had a net margin of 25.51% and a return on equity of 6.12%. During the same period in the prior year, the business earned $0.15 EPS. Analysts expect that Capitol Federal Financial will post $0.64 EPS for the current fiscal year.
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In other news, insider Carlton A. Ricketts bought 4,525 shares of Capitol Federal Financial stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $14.04 per share, for a total transaction of $63,531.00. Following the purchase, the insider now owns 53,545 shares of the company’s stock, valued at $751,771.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Natalie G. Haag bought 2,200 shares of Capitol Federal Financial stock in a transaction dated 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 purchase, the insider now directly owns 49,959 shares in the company, valued at approximately $682,439.94. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in CFFN. Bank of New York Mellon Corp lifted its stake in shares of Capitol Federal Financial by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 803,611 shares of the savings and loans company’s stock worth $11,756,000 after acquiring an additional 42,055 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Capitol Federal Financial by 15.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 88,885 shares of the savings and loans company’s stock worth $1,300,000 after acquiring an additional 12,113 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Capitol Federal Financial in the 1st quarter worth $756,000. Parametric Portfolio Associates LLC lifted its stake in shares of Capitol Federal Financial by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 654,847 shares of the savings and loans company’s stock valued at $9,580,000 after purchasing an additional 6,318 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Capitol Federal Financial in the first quarter valued at about $818,000. Institutional investors own 75.33% of the company’s stock.
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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