Empowered Funds LLC acquired a new stake in Capitol Federal Financial (NASDAQ:CFFN – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 336,336 shares of the savings and loans company’s stock, valued at approximately $2,862,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Capitol Federal Financial during the second quarter worth $25,000. Corient Private Wealth LP acquired a new position in Capitol Federal Financial during the 2nd quarter worth about $208,000. Bank of America Corp DE bought a new stake in Capitol Federal Financial during the 2nd quarter worth about $7,570,000. Jupiter Topco LLC bought a new stake in Capitol Federal Financial during the 2nd quarter worth about $489,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Capitol Federal Financial in the 2nd quarter valued at about $861,000. Institutional investors and hedge funds own 88.51% of the company’s stock.
Capitol Federal Financial Stock Performance
Capitol Federal Financial stock opened at $8.69 on Thursday. The company has a market cap of $1.09 billion, a PE ratio of 13.37 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.60. Capitol Federal Financial has a 1 year low of $5.97 and a 1 year high of $9.26. The company’s 50-day moving average is $8.65 and its two-hundred day moving average is $7.94.
Capitol Federal Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. Capitol Federal Financial’s dividend payout ratio is 52.31%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CFFN. New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a research note on Thursday, July 9th. Piper Sandler increased their price target on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Benchmark started coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Capitol Federal Financial in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.25.
Get Our Latest Analysis on Capitol Federal Financial
Capitol Federal Financial Profile
Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.
Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.
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