Zacks Investment Research downgraded shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) from a buy rating to a hold rating in a report published on Monday morning.
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, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $15.00 price target on shares of Capitol Federal Financial in a research report on Wednesday, April 5th.
Capitol Federal Financial (CFFN) traded down 1.34% on Monday, hitting $13.99. The stock had a trading volume of 124,831 shares. The firm has a market cap of $1.88 billion, a PE ratio of 22.56 and a beta of 0.45. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $15.10. Capitol Federal Financial has a 52-week low of $13.24 and a 52-week high of $17.04.
Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Friday, April 28th. The savings and loans company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $54.60 million. Capitol Federal Financial had a return on equity of 6.04% and a net margin of 25.58%. Equities analysts forecast that Capitol Federal Financial will post $0.63 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 7.05%. This is a boost from Capitol Federal Financial’s previous quarterly dividend of $0.09. Capitol Federal Financial’s payout ratio is currently 54.84%.
A number of hedge funds have recently modified their holdings of the company. Pacad Investment Ltd. purchased a new stake in shares of Capitol Federal Financial during the fourth quarter worth approximately $114,000. Quantbot Technologies LP bought a new position in Capitol Federal Financial during the first quarter worth $126,000. Paloma Partners Management Co bought a new position in Capitol Federal Financial during the first quarter worth $203,000. SG Americas Securities LLC raised its position in Capitol Federal Financial by 44.2% in the first quarter. SG Americas Securities LLC now owns 16,088 shares of the savings and loans company’s stock worth $235,000 after buying an additional 4,931 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Capitol Federal Financial by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 14,930 shares of the savings and loans company’s stock worth $246,000 after buying an additional 432 shares during the last quarter. 76.46% of the stock is 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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