Zurcher Kantonalbank Zurich Cantonalbank Sells 7,347 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 28.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,573 shares of the savings and loans company’s stock after selling 7,347 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Capitol Federal Financial were worth $120,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Capitol Federal Financial by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,793,378 shares of the savings and loans company’s stock worth $8,554,000 after purchasing an additional 115,083 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Capitol Federal Financial by 492.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 432,996 shares of the savings and loans company’s stock valued at $2,065,000 after buying an additional 359,858 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Capitol Federal Financial by 17.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 327,818 shares of the savings and loans company’s stock worth $2,114,000 after acquiring an additional 48,485 shares during the last quarter. Swiss National Bank raised its holdings in shares of Capitol Federal Financial by 0.9% during the 3rd quarter. Swiss National Bank now owns 284,300 shares of the savings and loans company’s stock worth $1,356,000 after acquiring an additional 2,400 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Capitol Federal Financial by 26.8% in the third quarter. TD Asset Management Inc now owns 268,148 shares of the savings and loans company’s stock valued at $1,279,000 after purchasing an additional 56,600 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Stock Up 0.8 %

Shares of CFFN opened at $5.11 on Friday. The firm has a fifty day moving average price of $5.45 and a 200-day moving average price of $5.69. The company has a current ratio of 1.34, a quick ratio of 1.37 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $683.38 million, a P/E ratio of -5.44 and a beta of 0.47. Capitol Federal Financial, Inc. has a 12-month low of $4.22 and a 12-month high of $6.88.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a $0.085 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.34 annualized dividend and a yield of 6.65%. Capitol Federal Financial’s dividend payout ratio (DPR) is -36.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CFFN shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $6.00 price target (down previously from $7.00) on shares of Capitol Federal Financial in a research note on Thursday, April 25th. StockNews.com raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Piper Sandler dropped their target price on Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Thursday, April 25th.

Insiders Place Their Bets

In other news, EVP Rick C. Jackson acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $5.68 per share, with a total value of $56,800.00. Following the completion of the purchase, the executive vice president now directly owns 181,428 shares in the company, valued at $1,030,511.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Capitol Federal Financial news, Director Morris J. Huey II acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $5.70 per share, for a total transaction of $28,500.00. Following the completion of the purchase, the director now owns 271,000 shares in the company, valued at $1,544,700. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rick C. Jackson acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $5.68 per share, for a total transaction of $56,800.00. Following the completion of the acquisition, the executive vice president now owns 181,428 shares of the company’s stock, valued at $1,030,511.04. The disclosure for this purchase can be found here. Insiders have purchased 21,990 shares of company stock worth $125,141 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Capitol Federal Financial Company 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.