Ieq Capital LLC Purchases New Stake in Capitol Federal Financial $CFFN

Ieq Capital LLC bought a new stake in Capitol Federal Financial (NASDAQ:CFFN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 496,579 shares of the savings and loans company's stock, valued at approximately $4,226,000. Ieq Capital LLC owned approximately 0.40% of Capitol Federal Financial as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Capitol Federal Financial during the second quarter worth $152,515,000. Bank of New York Mellon Corp bought a new stake in Capitol Federal Financial during the second quarter valued at $9,966,000. Millennium Management LLC raised its holdings in shares of Capitol Federal Financial by 384.4% during the third quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company's stock worth $7,129,000 after purchasing an additional 890,959 shares during the period. AQR Capital Management LLC raised its holdings in shares of Capitol Federal Financial by 39.8% during the second quarter. AQR Capital Management LLC now owns 2,418,765 shares of the savings and loans company's stock worth $14,754,000 after purchasing an additional 688,130 shares during the period. Finally, Towle & Co. bought a new position in shares of Capitol Federal Financial in the 1st quarter worth about $3,396,000. 88.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Capitol Federal Financial in a report on Friday, August 7th. New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a research note on Thursday, July 9th. Benchmark assumed coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They issued a "buy" rating and a $10.00 target price on the stock. Finally, Piper Sandler lifted their target price on Capitol Federal Financial from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Monday, August 3rd. One equities research 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.25.

Capitol Federal Financial Stock Performance

CFFN stock opened at $8.53 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.12 and a beta of 0.68. Capitol Federal Financial has a 1 year low of $5.97 and a 1 year high of $9.26. The stock's fifty day moving average is $8.58 and its two-hundred day moving average is $7.89.

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

Capitol Federal Financial Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 4.0%. Capitol Federal Financial's dividend payout ratio is 52.31%.

Capitol Federal Financial Company 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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