Capitol Federal Financial (NASDAQ:CFFN) Rating Lowered to Hold at Zacks Investment Research

Capitol Federal Financial (NASDAQ:CFFN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Savings Bank is the only operating subsidiary. The bank is a community-oriented financial institution offering a variety of financial services to meet the needs of the communities we serve. They attract retail deposits from the general public and invest those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences. “

Shares of CFFN opened at $12.29 on Wednesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 21.95 and a beta of 0.32. Capitol Federal Financial has a 12-month low of $8.75 and a 12-month high of $14.38. The firm has a 50-day moving average of $13.02. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.06 and a current ratio of 1.06.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Thursday, April 29th. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $55.55 million for the quarter, compared to analyst estimates of $46.92 million. Capitol Federal Financial had a net margin of 25.23% and a return on equity of 6.00%. As a group, research analysts anticipate that Capitol Federal Financial will post 0.52 earnings per share for the current year.

In other Capitol Federal Financial news, CEO John B. Dicus sold 14,595 shares of the business’s stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $13.01, for a total transaction of $189,880.95. Following the sale, the chief executive officer now directly owns 1,314,595 shares in the company, valued at $17,102,880.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in Capitol Federal Financial by 1.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 75,398 shares of the savings and loans company’s stock worth $942,000 after purchasing an additional 830 shares during the period. Prudential Financial Inc. increased its stake in shares of Capitol Federal Financial by 0.6% during the first quarter. Prudential Financial Inc. now owns 147,626 shares of the savings and loans company’s stock worth $1,955,000 after buying an additional 880 shares during the period. Amalgamated Bank increased its stake in shares of Capitol Federal Financial by 8.4% during the fourth quarter. Amalgamated Bank now owns 12,409 shares of the savings and loans company’s stock worth $155,000 after buying an additional 963 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Capitol Federal Financial by 1.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 53,875 shares of the savings and loans company’s stock worth $714,000 after buying an additional 1,000 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Capitol Federal Financial by 7.1% during the first quarter. Mutual of America Capital Management LLC now owns 17,240 shares of the savings and loans company’s stock worth $228,000 after buying an additional 1,138 shares during the period. Institutional investors own 76.53% 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 deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposits.

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