Franklin Resources Inc. Makes New $517,000 Investment in Capitol Federal Financial $CFFN

Franklin Resources Inc. acquired a new position in shares of Capitol Federal Financial (NASDAQ:CFFN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,813 shares of the savings and loans company’s stock, valued at approximately $517,000. Franklin Resources Inc. owned approximately 0.06% of Capitol Federal Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CFFN. Summit Securities Group LLC bought a new stake in Capitol Federal Financial during the 1st quarter worth approximately $26,000. Hantz Financial Services Inc. boosted its stake in Capitol Federal Financial by 450.4% in the second quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 6,058 shares in the last quarter. Strs Ohio bought a new stake in shares of Capitol Federal Financial during the first quarter worth $59,000. Journey Strategic Wealth LLC acquired a new stake in shares of Capitol Federal Financial in the second quarter valued at $66,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Capitol Federal Financial in the second quarter valued at about $71,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFFN has been the topic of a number of research analyst reports. Piper Sandler started coverage on shares of Capitol Federal Financial in a report on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 price objective on the stock. Zacks Research upgraded shares of Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Capitol Federal Financial in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.00.

Capitol Federal Financial Trading Up 0.7%

Shares of NASDAQ CFFN opened at $6.72 on Tuesday. Capitol Federal Financial has a fifty-two week low of $4.90 and a fifty-two week high of $6.83. The firm has a market capitalization of $885.76 million, a P/E ratio of 12.92 and a beta of 0.69. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26. The company’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.20.

Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $54.57 million during the quarter, compared to analysts’ expectations of $53.46 million. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. During the same quarter in the previous year, the company posted $0.09 EPS. On average, analysts predict that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.34 annualized dividend and a yield of 5.1%. Capitol Federal Financial’s dividend payout ratio is presently 65.38%.

Insider Transactions at Capitol Federal Financial

In related news, EVP Rick C. Jackson bought 8,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $6.05 per share, for a total transaction of $48,400.00. Following the transaction, the executive vice president owned 156,752 shares of the company’s stock, valued at $948,349.60. This represents a 5.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

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.