Connor Clark & Lunn Investment Management Ltd. Has $530,000 Position in Capitol Federal Financial $CFFN

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Capitol Federal Financial (NASDAQ:CFFN) by 54.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,846 shares of the savings and loans company’s stock after selling 101,854 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Capitol Federal Financial were worth $530,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Capitol Federal Financial by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 1,295,145 shares of the savings and loans company’s stock valued at $7,900,000 after acquiring an additional 24,167 shares during the last quarter. Bank of Montreal Can raised its position in Capitol Federal Financial by 24.3% during the 2nd quarter. Bank of Montreal Can now owns 20,074 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 3,924 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings 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 worth $45,000 after buying an additional 6,058 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Capitol Federal Financial during the 2nd quarter worth about $178,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Capitol Federal Financial in the 2nd quarter valued at about $81,000. 88.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CFFN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Capitol Federal Financial in a research report on Thursday, November 13th. Zacks Research upgraded shares of Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Finally, 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 target on the stock. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Capitol Federal Financial currently has an average rating of “Hold” and an average price target of $7.00.

Capitol Federal Financial Trading Down 0.3%

NASDAQ CFFN opened at $6.13 on Thursday. The stock has a market capitalization of $814.20 million, a P/E ratio of 11.79 and a beta of 0.72. The business has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $6.12. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.27. Capitol Federal Financial has a one year low of $4.90 and a one year high of $7.09.

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

Capitol Federal Financial Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Rick C. Jackson purchased 8,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased 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 owned 156,752 shares in the company, valued at approximately $948,349.60. This trade represents a 5.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Capitol Federal Financial 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.