T. Rowe Price Investment Management Inc. Trims Position in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

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

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Capitol Federal Financial by 131.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,197 shares of the savings and loans company's stock valued at $43,000 after buying an additional 4,093 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of Capitol Federal Financial during the 4th quarter worth $53,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Capitol Federal Financial during the 4th quarter worth $60,000. Wealthstream Advisors Inc. bought a new stake in Capitol Federal Financial in the 4th quarter valued at $63,000. Finally, Cibc World Markets Corp bought a new stake in Capitol Federal Financial in the 4th quarter valued at $69,000. Institutional investors and hedge funds own 88.51% of the company's stock.

Insider Transactions at Capitol Federal Financial

In other news, Director Jeffrey M. Johnson bought 5,000 shares of the stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $5.97 per share, for a total transaction of $29,850.00. Following the completion of the acquisition, the director now directly owns 102,900 shares in the company, valued at approximately $614,313. This trade represents a 5.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rick C. Jackson purchased 10,000 shares of Capitol Federal Financial stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $5.88 per share, with a total value of $58,800.00. Following the transaction, the executive vice president now owns 191,428 shares of the company's stock, valued at $1,125,596.64. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 60,000 shares of company stock worth $341,050 over the last ninety days. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Capitol Federal Financial Stock Up 1.1 %

CFFN stock traded up $0.06 during trading hours on Thursday, reaching $5.73. 650,824 shares of the stock were exchanged, compared to its average volume of 784,921. The firm's 50-day moving average is $5.58 and its 200-day moving average is $6.02. Capitol Federal Financial, Inc. has a 12 month low of $4.78 and a 12 month high of $7.20. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $760.86 million, a price-to-earnings ratio of 14.69 and a beta of 0.52.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The savings and loans company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $48.79 million for the quarter, compared to analyst estimates of $47.81 million. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. On average, equities research analysts expect that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a $0.085 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.34 annualized dividend and a yield of 5.93%. Capitol Federal Financial's dividend payout ratio is presently 85.00%.

Capitol Federal Financial Profile

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.