BlackRock Inc. acquired a new stake in shares of Capitol Federal Financial (NASDAQ:CFFN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,921,879 shares of the savings and loans company's stock, valued at approximately $152,515,000. BlackRock Inc. owned 14.14% of Capitol Federal Financial at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CFFN. CreativeOne Wealth LLC grew its stake in shares of Capitol Federal Financial by 11.7% in the 4th quarter. CreativeOne Wealth LLC now owns 15,479 shares of the savings and loans company's stock valued at $105,000 after purchasing an additional 1,623 shares during the period. Triune Financial Partners LLC lifted its position in shares of Capitol Federal Financial by 7.1% during the 4th quarter. Triune Financial Partners LLC now owns 26,324 shares of the savings and loans company's stock worth $192,000 after buying an additional 1,739 shares during the period. Quantinno Capital Management LP lifted its position in shares of Capitol Federal Financial by 1.7% during the 1st quarter. Quantinno Capital Management LP now owns 113,184 shares of the savings and loans company's stock worth $807,000 after buying an additional 1,894 shares during the period. Midwest Trust Co boosted its stake in Capitol Federal Financial by 9.9% in the 1st quarter. Midwest Trust Co now owns 21,539 shares of the savings and loans company's stock valued at $154,000 after buying an additional 1,936 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Capitol Federal Financial by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company's stock valued at $236,000 after buying an additional 1,952 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on CFFN shares. Benchmark assumed coverage on shares of Capitol Federal Financial in a research report on Wednesday, July 8th. They set a "buy" rating and a $10.00 target price for the company. Piper Sandler boosted 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 report on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Capitol Federal Financial in a research note on Friday, August 7th. Finally, New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
Read Our Latest Research Report on Capitol Federal Financial
Capitol Federal Financial Price Performance
Shares of CFFN stock opened at $8.66 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 13.32 and a beta of 0.68. Capitol Federal Financial has a 12 month low of $5.97 and a 12 month high of $9.26. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $8.63 and a 200 day moving average price of $7.92.
Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $60.15 million for the quarter, compared to the consensus estimate of $58.65 million. Capitol Federal Financial had a net margin of 18.69% and a return on equity of 8.01%.
Capitol Federal Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 7th. Capitol Federal Financial's payout ratio is 52.31%.
About Capitol Federal Financial
(
Free Report)
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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