Thrivent Financial for Lutherans Sells 78,592 Shares of Capitol Federal Financial $CFFN

Thrivent Financial for Lutherans lowered its position in Capitol Federal Financial (NASDAQ:CFFN) by 31.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,997 shares of the savings and loans company’s stock after selling 78,592 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Capitol Federal Financial were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HoldCo Asset Management LP bought a new position in Capitol Federal Financial in the 2nd quarter worth about $39,443,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Capitol Federal Financial by 36.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,926,820 shares of the savings and loans company’s stock worth $17,854,000 after purchasing an additional 785,339 shares in the last quarter. CSM Advisors LLC bought a new position in shares of Capitol Federal Financial in the second quarter worth approximately $4,373,000. AQR Capital Management LLC raised its stake in Capitol Federal Financial by 39.8% in the second quarter. AQR Capital Management LLC now owns 2,418,765 shares of the savings and loans company’s stock valued at $14,754,000 after purchasing an additional 688,130 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Capitol Federal Financial by 25.5% in the second quarter. Invesco Ltd. now owns 2,311,690 shares of the savings and loans company’s stock valued at $14,101,000 after purchasing an additional 469,641 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CFFN shares. Zacks Research raised shares of Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Piper Sandler assumed coverage on shares of Capitol Federal Financial in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Capitol Federal Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods upped their price objective on Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.25.

Capitol Federal Financial Price Performance

CFFN stock opened at $7.64 on Friday. The firm has a market cap of $991.98 million, a P/E ratio of 13.64 and a beta of 0.69. The firm’s fifty day moving average is $7.04 and its 200 day moving average is $6.55. Capitol Federal Financial has a 52 week low of $4.90 and a 52 week high of $7.74. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.26 and a current ratio of 1.24.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. The business had revenue of $56.80 million during the quarter, compared to analyst estimates of $56.02 million. Research analysts predict that Capitol Federal Financial will post 0.46 earnings per share for the current year.

Capitol Federal Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, February 6th. This is a positive change from Capitol Federal Financial’s previous quarterly dividend of $0.04. Capitol Federal Financial’s dividend payout ratio is 60.71%.

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.