Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Capitol Federal Financial $CFFN

Key Points

• Connor Clark & Lunn Investment Management purchased 223,471 shares of Capitol Federal Financial during the second quarter, valued at approximately $1.9 million. Institutional investors collectively own 88.51% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $9.25, compared with the stock’s reported opening price of $8.66.
• Capitol Federal Financial exceeded quarterly earnings expectations, reporting EPS of $0.19 versus estimates of $0.17, and pays a quarterly dividend of $0.085, representing an annualized yield of approximately 3.9%.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in 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 purchased 223,471 shares of the savings and loans company's stock, valued at approximately $1,902,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of Capitol Federal Financial as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Capitol Federal Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company's stock valued at $412,000 after acquiring an additional 3,036 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Capitol Federal Financial in the 1st quarter worth approximately $119,000. Caxton Associates LLP bought a new stake in Capitol Federal Financial during the 1st quarter worth approximately $315,000. Jane Street Group LLC grew its position in Capitol Federal Financial by 18.4% during the 1st quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company's stock worth $1,173,000 after acquiring an additional 32,523 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Capitol Federal Financial during the 1st quarter valued at $59,000. 88.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Capitol Federal Financial in a research report on Friday, August 7th. Piper Sandler increased their target price on Capitol Federal Financial from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Monday, August 3rd. New Street Research set a $10.00 target price on Capitol Federal Financial in a research note on Thursday, July 9th. Finally, Benchmark assumed coverage on Capitol Federal Financial in a report on Wednesday, July 8th. They issued a "buy" rating and a $10.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.

Capitol Federal Financial Stock Performance

CFFN stock opened at $8.66 on Friday. The company has a 50 day moving average price of $8.63 and a 200 day moving average price of $7.92. Capitol Federal Financial has a fifty-two week low of $5.97 and a fifty-two week high of $9.26. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $1.09 billion, a PE ratio of 13.32 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $60.15 million for the quarter, compared to analyst estimates of $58.65 million. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.

Capitol Federal Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.085 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.34 annualized dividend and a yield of 3.9%. Capitol Federal Financial's dividend payout ratio (DPR) is currently 52.31%.

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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