Insider Buying: Capitol Federal Financial (NASDAQ:CFFN) EVP Purchases 8,000 Shares of Stock

Capitol Federal Financial (NASDAQ:CFFN) EVP Rick Jackson purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost of $6.05 per share, with a total value of $48,400.00. Following the transaction, the executive vice president directly owned 156,752 shares of the company’s stock, valued at $948,349.60. The trade was a 5.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Capitol Federal Financial Trading Up 2.2%

Shares of Capitol Federal Financial stock traded up $0.13 during trading hours on Monday, hitting $6.17. The company’s stock had a trading volume of 845,720 shares, compared to its average volume of 783,137. Capitol Federal Financial has a 1-year low of $4.90 and a 1-year high of $7.20. The business has a fifty day moving average of $6.35 and a 200 day moving average of $6.06. The company has a market capitalization of $819.52 million, a PE ratio of 11.87 and a beta of 0.64. The company has a quick ratio of 1.27, a current ratio of 1.26 and a debt-to-equity ratio of 1.86.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. The company had revenue of $54.57 million during the quarter, compared to analyst estimates of $53.46 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts forecast that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be given a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.34 annualized dividend and a dividend yield of 5.5%. Capitol Federal Financial’s dividend payout ratio is presently 65.38%.

Institutional Investors Weigh In On Capitol Federal Financial

A number of large investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Capitol Federal Financial during the 1st quarter valued at $26,000. Osaic Holdings Inc. boosted 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 valued at $35,000 after acquiring an additional 4,760 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Capitol Federal Financial by 450.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock valued at $45,000 after acquiring an additional 6,058 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $52,000 after acquiring an additional 5,470 shares during the last quarter. Finally, Strs Ohio bought a new position in Capitol Federal Financial during the 1st quarter valued at $59,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CFFN has been the subject of several recent research reports. Piper Sandler initiated coverage on shares of Capitol Federal Financial in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price objective for the company. Weiss Ratings lowered shares of Capitol Federal Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $7.00.

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 accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.