CSM Advisors LLC Invests $4.37 Million in Capitol Federal Financial $CFFN

CSM Advisors LLC bought a new stake in shares of Capitol Federal Financial (NASDAQ:CFFN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 716,865 shares of the savings and loans company’s stock, valued at approximately $4,373,000. CSM Advisors LLC owned approximately 0.54% of Capitol Federal Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of CFFN. Summit Securities Group LLC purchased a new stake in Capitol Federal Financial in the 1st quarter worth $26,000. Hantz Financial Services Inc. boosted its stake in shares of Capitol Federal Financial by 450.4% in the second quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock worth $45,000 after acquiring an additional 6,058 shares during the period. Strs Ohio purchased a new stake in shares of Capitol Federal Financial during the first quarter worth about $59,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Capitol Federal Financial during the second quarter worth about $71,000. Finally, Envestnet Asset Management Inc. bought a new stake in Capitol Federal Financial during the 2nd quarter valued at approximately $81,000. Institutional investors own 88.51% of the company’s stock.

Analysts Set New Price Targets

CFFN has been the subject of several recent analyst reports. Weiss Ratings upgraded Capitol Federal Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Piper Sandler started coverage on shares of Capitol Federal Financial in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 target price on the stock. Finally, Zacks Research raised shares of Capitol Federal Financial to a “hold” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

Capitol Federal Financial Stock Down 0.3%

NASDAQ CFFN opened at $6.20 on Monday. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $6.09. Capitol Federal Financial has a one year low of $4.90 and a one year high of $7.16. The company has a market capitalization of $823.50 million, a P/E ratio of 11.92 and a beta of 0.72. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.27 and a current ratio of 1.26.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $53.46 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, equities analysts predict that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a $0.085 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.34 annualized dividend and a yield of 5.5%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 65.38%.

Insider Buying and Selling

In related news, EVP Rick C. Jackson acquired 8,000 shares of Capitol Federal Financial stock in a transaction 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 completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

About Capitol Federal Financial

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.