VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $643,000 Investment in Capitol Federal Financial $CFFN

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Capitol Federal Financial (NASDAQ:CFFN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,600 shares of the savings and loans company’s stock, valued at approximately $643,000.

Several other large investors also recently modified their holdings of CFFN. BlackRock Inc. acquired a new stake in shares of Capitol Federal Financial during the second quarter worth $152,515,000. Bank of New York Mellon Corp bought a new stake in Capitol Federal Financial during the second quarter worth $9,966,000. Bank of America Corp DE bought a new stake in shares of Capitol Federal Financial in the 2nd quarter valued at about $7,570,000. California State Teachers Retirement System lifted its holdings in Capitol Federal Financial by 743.1% during the 2nd quarter. California State Teachers Retirement System now owns 971,076 shares of the savings and loans company’s stock valued at $8,264,000 after purchasing an additional 855,901 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in Capitol Federal Financial during the second quarter worth approximately $4,226,000. 88.51% of the stock is currently owned by institutional investors.

Capitol Federal Financial Stock Performance

Shares of CFFN stock opened at $8.91 on Tuesday. Capitol Federal Financial has a one year low of $5.97 and a one year high of $9.26. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50-day moving average of $8.70 and a 200-day moving average of $8.02. The company has a market cap of $1.12 billion, a P/E ratio of 13.71 and a beta of 0.68.

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

Capitol Federal Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, August 7th. Capitol Federal Financial’s dividend payout ratio is currently 52.31%.

Analyst Upgrades and Downgrades

CFFN has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Capitol Federal Financial in a research report on Friday, August 7th. New Street Research set a $10.00 target price on Capitol Federal Financial in a report on Thursday, July 9th. Piper Sandler lifted their target price on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Benchmark began coverage on shares of Capitol Federal Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price objective for the company. One equities 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.25.

About Capitol Federal Financial

Capitol Federal Financial, Inc is the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The company provides banking and financial services primarily to individuals, families and businesses through its branch network and digital banking channels.

Capitol Federal Savings Bank’s principal activities include accepting deposits and originating loans. Its lending products include residential mortgage and home equity loans, commercial real estate and commercial business loans, and consumer loans.