Legal & General Group Plc Takes Position in Capitol Federal Financial $CFFN

Legal & General Group Plc purchased a new stake in Capitol Federal Financial (NASDAQ:CFFN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 267,526 shares of the savings and loans company’s stock, valued at approximately $2,277,000.

Other hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. increased its stake in Capitol Federal Financial by 474.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after acquiring an additional 4,760 shares during the period. Allworth Financial LP bought a new stake in shares of Capitol Federal Financial during the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC grew its holdings in shares of Capitol Federal Financial by 180.5% during the 2nd 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 in the last quarter. Strs Ohio acquired a new stake in shares of Capitol Federal Financial during the 1st quarter worth $59,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Capitol Federal Financial in the second quarter worth $64,000. 88.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CFFN. New Street Research set a $10.00 price target on Capitol Federal Financial in a research note on Thursday, July 9th. Piper Sandler raised their target price on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Capitol Federal Financial in a research report on Friday, August 7th. Finally, Benchmark assumed coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Capitol Federal Financial Stock Performance

NASDAQ:CFFN opened at $8.87 on Friday. Capitol Federal Financial has a twelve month low of $5.97 and a twelve month high of $9.26. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60. The stock’s 50-day simple moving average is $8.66 and its 200 day simple moving average is $7.96. The firm has a market capitalization of $1.11 billion, a PE ratio of 13.65 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.The firm had revenue of $60.15 million during the quarter, compared to the consensus estimate of $58.65 million.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.34 annualized dividend and a yield of 3.8%. Capitol Federal Financial’s dividend payout ratio is presently 52.31%.

Capitol Federal Financial Company 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.