Empowered Funds LLC Makes New Investment in Capitol Federal Financial $CFFN

Key Points

• Empowered Funds LLC acquired 336,336 shares of Capitol Federal Financial in the second quarter, worth approximately $2.86 million and representing about 0.27% of the company. Institutional investors collectively own 88.51% of CFFN.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $9.25; individual targets range up to $10.00.
• CFFN recently reported quarterly earnings of $0.19 per share, exceeding estimates of $0.17, and pays an annualized dividend of $0.34 per share for a 3.9% yield.

Empowered Funds LLC acquired a new position in shares of Capitol Federal Financial (NASDAQ:CFFN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 336,336 shares of the savings and loans company's stock, valued at approximately $2,862,000. Empowered Funds LLC owned approximately 0.27% of Capitol Federal Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CFFN. BlackRock Inc. bought a new position in Capitol Federal Financial in the second quarter worth $152,515,000. Vanguard Group Inc. increased its holdings in Capitol Federal Financial by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company's stock valued at $86,424,000 after buying an additional 442,592 shares during the period. Dimensional Fund Advisors LP increased its holdings in Capitol Federal Financial by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company's stock valued at $48,413,000 after buying an additional 263,238 shares during the period. AQR Capital Management LLC raised its stake in shares of Capitol Federal Financial by 13.2% in the 4th quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company's stock valued at $26,153,000 after buying an additional 447,342 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Capitol Federal Financial by 10.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company's stock valued at $23,273,000 after buying an additional 309,342 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CFFN shares. New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a research report on Thursday, July 9th. Weiss Ratings restated a "buy (b-)" rating on shares of Capitol Federal Financial in a research note on Friday, August 7th. Piper Sandler lifted their price objective on Capitol Federal Financial from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Monday, August 3rd. Finally, Benchmark initiated coverage on Capitol Federal Financial in a report on Wednesday, July 8th. They set a "buy" rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

Capitol Federal Financial Stock Up 1.6%

Shares of NASDAQ CFFN opened at $8.69 on Thursday. The stock has a market cap of $1.09 billion, a PE ratio of 13.37 and a beta of 0.68. The business has a fifty day moving average of $8.65 and a two-hundred day moving average of $7.94. Capitol Federal Financial has a 52-week low of $5.97 and a 52-week high of $9.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.20 and a current ratio of 1.20.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $60.15 million for the quarter, compared to analyst estimates 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 company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.085 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a yield of 3.9%. Capitol Federal Financial's payout ratio is 52.31%.

About Capitol Federal Financial

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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