Capitol Federal Financial, Inc. (CFFN) Stock Rating Lowered by Zacks Investment Research
Capitol Federal Financial, Inc. (NASDAQ:CFFN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
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. “
Separately, BidaskClub upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
Shares of Capitol Federal Financial (CFFN) opened at 14.27 on Friday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 22.69 and a beta of 0.46. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $14.17. Capitol Federal Financial has a one year low of $13.21 and a one year high of $17.04.
Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Capitol Federal Financial had a return on equity of 6.12% and a net margin of 25.51%. The firm had revenue of $54.82 million for the quarter, compared to analysts’ expectations of $54.30 million. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities analysts forecast that Capitol Federal Financial will post $0.64 earnings per share for the current year.
In other news, insider Carlton A. Ricketts bought 4,525 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $14.04 per share, with a total value of $63,531.00. Following the completion of the transaction, the insider now directly owns 53,545 shares in the company, valued at $751,771.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie G. Haag bought 2,200 shares of the business’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $13.66 per share, for a total transaction of $30,052.00. Following the transaction, the insider now owns 49,959 shares of the company’s stock, valued at $682,439.94. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CFFN. Bank of New York Mellon Corp raised its position in Capitol Federal Financial by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 803,611 shares of the savings and loans company’s stock valued at $11,756,000 after purchasing an additional 42,055 shares during the period. UBS Asset Management Americas Inc. raised its position in Capitol Federal Financial by 15.8% in the first quarter. UBS Asset Management Americas Inc. now owns 88,885 shares of the savings and loans company’s stock valued at $1,300,000 after purchasing an additional 12,113 shares during the period. Karp Capital Management Corp purchased a new stake in Capitol Federal Financial in the first quarter valued at approximately $756,000. Parametric Portfolio Associates LLC raised its position in Capitol Federal Financial by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 654,847 shares of the savings and loans company’s stock valued at $9,580,000 after purchasing an additional 6,318 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Capitol Federal Financial in the first quarter valued at approximately $818,000. 75.33% of the stock is currently owned by institutional investors.
About Capitol Federal Financial
Capitol Federal Financial, Inc is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal Savings Bank (the Bank), a federal savings bank that serves primarily the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia and Salina, Kansas and portions of the metropolitan area of greater Kansas City.
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