Wedge Capital Management L L P NC Buys New Shares in Capitol Federal Financial $CFFN

Wedge Capital Management L L P NC bought a new stake in Capitol Federal Financial (NASDAQ:CFFN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 138,255 shares of the savings and loans company’s stock, valued at approximately $878,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC increased its position in shares of Capitol Federal Financial by 86.1% during the 1st quarter. Hsbc Holdings PLC now owns 26,861 shares of the savings and loans company’s stock worth $151,000 after purchasing an additional 12,430 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Capitol Federal Financial by 18.4% in the first quarter. Ieq Capital LLC now owns 196,173 shares of the savings and loans company’s stock valued at $1,099,000 after buying an additional 30,496 shares in the last quarter. Trexquant Investment LP increased its holdings in Capitol Federal Financial by 7.0% during the first quarter. Trexquant Investment LP now owns 410,953 shares of the savings and loans company’s stock worth $2,301,000 after buying an additional 27,061 shares during the last quarter. State of Wyoming raised its position in Capitol Federal Financial by 13.2% during the first quarter. State of Wyoming now owns 18,689 shares of the savings and loans company’s stock worth $105,000 after acquiring an additional 2,173 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its stake in Capitol Federal Financial by 17.9% in the first quarter. Graham Capital Management L.P. now owns 131,163 shares of the savings and loans company’s stock valued at $735,000 after acquiring an additional 19,885 shares during the last quarter. Institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Trading Up 0.5%

Shares of CFFN stock opened at $7.07 on Thursday. Capitol Federal Financial has a 12-month low of $4.90 and a 12-month high of $7.30. The company has a market capitalization of $928.62 million, a PE ratio of 13.59 and a beta of 0.69. The firm has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $6.32. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.86.

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

Capitol Federal Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, January 9th. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 65.38%.

Insiders Place Their Bets

In other Capitol Federal Financial news, EVP Rick C. Jackson acquired 8,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $6.05 per share, with a total value of $48,400.00. Following the acquisition, the executive vice president directly owned 156,752 shares of the company’s stock, valued at approximately $948,349.60. This trade represents a 5.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler started 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 reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday. Finally, Zacks Research raised Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Capitol Federal Financial currently has a consensus rating of “Hold” and a consensus target price of $7.00.

About Capitol Federal Financial

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.