Towle & Co. Takes $3.40 Million Position in Capitol Federal Financial $CFFN

Towle & Co. bought a new position in shares of Capitol Federal Financial (NASDAQ:CFFN) during the first quarter, according to its most recent filing with the SEC. The fund bought 476,240 shares of the savings and loans company’s stock, valued at approximately $3,396,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFFN. Millennium Management LLC grew its position in Capitol Federal Financial by 384.4% during the third quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company’s stock valued at $7,129,000 after buying an additional 890,959 shares during the period. AQR Capital Management LLC raised its position 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 worth $14,754,000 after acquiring an additional 688,130 shares during the period. Invesco Ltd. raised its position 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 worth $14,101,000 after acquiring an additional 469,641 shares during the period. Vanguard Group Inc. boosted its stake in Capitol Federal Financial by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company’s stock valued at $86,424,000 after acquiring an additional 442,592 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Capitol Federal Financial by 54.0% in the second quarter. Bank of America Corp DE now owns 860,063 shares of the savings and loans company’s stock valued at $5,246,000 after acquiring an additional 301,556 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Capitol Federal Financial Stock Performance

NASDAQ CFFN opened at $8.55 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of 14.25 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $8.17 and its 200-day moving average is $7.60. Capitol Federal Financial has a 12-month low of $5.71 and a 12-month high of $8.84.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%.The business had revenue of $57.73 million during the quarter, compared to the consensus estimate of $56.97 million.

Capitol Federal Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 56.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CFFN shares. New Street Research set a $10.00 price target on shares of Capitol Federal Financial in a research note on Thursday, July 9th. Weiss Ratings upgraded Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Piper Sandler increased their price objective on Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Benchmark initiated coverage on Capitol Federal Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.00.

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.