CSM Advisors LLC Invests $4.37 Million in Capitol Federal Financial $CFFN

CSM Advisors LLC purchased a new position in shares of Capitol Federal Financial (NASDAQ:CFFN) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 716,865 shares of the savings and loans company’s stock, valued at approximately $4,373,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC boosted its position in shares of Capitol Federal Financial by 43.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 72,002 shares of the savings and loans company’s stock valued at $439,000 after buying an additional 21,806 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Capitol Federal Financial by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,295,145 shares of the savings and loans company’s stock worth $7,900,000 after buying an additional 24,167 shares during the period. Bank of Montreal Can lifted its stake in shares of Capitol Federal Financial by 24.3% during the 2nd quarter. Bank of Montreal Can now owns 20,074 shares of the savings and loans company’s stock worth $122,000 after acquiring an additional 3,924 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Capitol Federal Financial by 450.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock valued at $45,000 after acquiring an additional 6,058 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Capitol Federal Financial in the 2nd quarter valued at $178,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capitol Federal Financial news, EVP Rick C. Jackson acquired 8,000 shares of Capitol Federal Financial stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of $6.05 per share, with a total value of $48,400.00. Following the completion of the purchase, the executive vice president directly owned 156,752 shares of the company’s stock, valued at approximately $948,349.60. This represents a 5.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CFFN shares. Weiss Ratings upgraded Capitol Federal Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Piper Sandler initiated coverage on shares of Capitol Federal Financial in a report on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 price objective for the company. Finally, Zacks Research raised shares of Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Capitol Federal Financial presently has an average rating of “Hold” and a consensus target price of $7.00.

Capitol Federal Financial Stock Performance

Shares of Capitol Federal Financial stock opened at $6.20 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock’s fifty day moving average price is $6.32 and its 200-day moving average price is $6.09. The firm has a market cap of $823.50 million, a P/E ratio of 11.92 and a beta of 0.72. Capitol Federal Financial has a 12 month low of $4.90 and a 12 month high of $7.16.

Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $54.57 million for the quarter, compared to analysts’ expectations of $53.46 million. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. During the same period in the prior year, the business earned $0.09 EPS. On average, equities research analysts expect that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, November 7th. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 65.38%.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.