T. Rowe Price Investment Management Inc. Sells 114,448 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,597,588 shares of the savings and loans company's stock after selling 114,448 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.97% of Capitol Federal Financial worth $38,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CFFN. Dark Forest Capital Management LP bought a new stake in shares of Capitol Federal Financial in the 4th quarter valued at approximately $614,000. State of Tennessee Department of Treasury lifted its holdings in shares of Capitol Federal Financial by 140.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 77,989 shares of the savings and loans company's stock worth $461,000 after purchasing an additional 45,489 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Capitol Federal Financial by 25.7% during the 4th quarter. MetLife Investment Management LLC now owns 75,136 shares of the savings and loans company's stock valued at $444,000 after acquiring an additional 15,370 shares during the period. Dimensional Fund Advisors LP boosted its position in Capitol Federal Financial by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,721,291 shares of the savings and loans company's stock valued at $33,813,000 after buying an additional 47,436 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Capitol Federal Financial by 21.2% during the fourth quarter. First Trust Advisors LP now owns 97,306 shares of the savings and loans company's stock valued at $575,000 after buying an additional 17,002 shares during the last quarter. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James G. Morris acquired 15,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of $5.66 per share, for a total transaction of $84,900.00. Following the completion of the acquisition, the director now directly owns 100,995 shares in the company, valued at approximately $571,631.70. This trade represents a 17.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rick C. Jackson purchased 10,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $5.88 per share, with a total value of $58,800.00. Following the purchase, the executive vice president now directly owns 191,428 shares of the company's stock, valued at approximately $1,125,596.64. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 55,000 shares of company stock valued at $311,200. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price objective on Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Thursday, January 30th.

Capitol Federal Financial Stock Performance

CFFN stock traded up $0.12 during mid-day trading on Friday, reaching $5.77. 172,467 shares of the stock traded hands, compared to its average volume of 779,736. The firm has a market capitalization of $765.51 million, a PE ratio of 14.78 and a beta of 0.52. Capitol Federal Financial, Inc. has a 52 week low of $4.90 and a 52 week high of $7.20. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.11. The business has a 50-day moving average of $5.58 and a two-hundred day moving average of $6.02.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $48.79 million for the quarter, compared to the consensus estimate of $47.81 million. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. As a group, equities analysts predict that Capitol Federal Financial, Inc. will post 0.46 EPS for the current fiscal year.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Friday, May 2nd. Capitol Federal Financial's dividend payout ratio is currently 85.00%.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.