Focus Partners Advisor Solutions LLC raised its position in Capitol Federal Financial (NASDAQ:CFFN – Free Report) by 657.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 82,843 shares of the savings and loans company’s stock after buying an additional 71,910 shares during the period. Focus Partners Advisor Solutions LLC owned about 0.06% of Capitol Federal Financial worth $524,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in CFFN. Smartleaf Asset Management LLC lifted its stake in shares of Capitol Federal Financial by 72.0% during the third quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after acquiring an additional 2,062 shares during the period. Osaic Holdings Inc. increased its position in Capitol Federal Financial by 474.6% in the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 4,760 shares during the period. EverSource Wealth Advisors LLC increased its position in Capitol Federal Financial by 180.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after purchasing an additional 5,470 shares during the period. Strs Ohio bought a new stake in Capitol Federal Financial during the 1st quarter worth about $59,000. Finally, Qube Research & Technologies Ltd bought a new stake in Capitol Federal Financial during the 2nd quarter worth about $64,000. 88.51% of the stock is owned by institutional investors and hedge funds.
Capitol Federal Financial Trading Down 1.6%
NASDAQ CFFN opened at $6.98 on Monday. Capitol Federal Financial has a 12 month low of $4.90 and a 12 month high of $7.84. The stock has a 50-day simple moving average of $7.14 and a 200 day simple moving average of $6.71. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $906.28 million, a PE ratio of 12.46 and a beta of 0.68.
Capitol Federal Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Capitol Federal Financial’s previous quarterly dividend of $0.04. Capitol Federal Financial’s payout ratio is 60.71%.
Wall Street Analyst Weigh In
CFFN has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7.25.
View Our Latest Report on Capitol Federal Financial
Capitol Federal Financial 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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