Legacy Financial Strategies LLC Buys Shares of 42,931 Capitol Federal Financial, Inc. (NASDAQ:CFFN)
Legacy Financial Strategies LLC acquired 42,931 shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) valued at approximately $250,000 during Q4, as reported in a recent SEC filing. Other hedge funds also increased their stakes, with notable boosts from Azora Capital LP, JPMorgan Chase & Co., and Barclays PLC. Capitol Federal Financial's stock opened at $6.01, with a market cap of $797.95 million and a PE ratio of 15.41. The company announced a quarterly dividend of $0.085, payable on February 21st, with a yield of 5.66%.
Legacy Financial Strategies LLC bought a new stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,931 shares of the savings and loans company's stock, valued at approximately $250,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Azora Capital LP boosted its position in Capitol Federal Financial by 7.9% in the third quarter. Azora Capital LP now owns 1,465,821 shares of the savings and loans company's stock valued at $8,560,000 after buying an additional 107,826 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Capitol Federal Financial by 52.5% in the third quarter. JPMorgan Chase & Co. now owns 1,052,949 shares of the savings and loans company's stock valued at $6,149,000 after buying an additional 362,291 shares in the last quarter. Millennium Management LLC boosted its position in Capitol Federal Financial by 28.1% in the second quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company's stock valued at $4,566,000 after buying an additional 182,683 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Capitol Federal Financial by 54.8% in the third quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company's stock valued at $3,341,000 after buying an additional 202,614 shares in the last quarter. Finally, Barclays PLC boosted its position in Capitol Federal Financial by 71.3% in the third quarter. Barclays PLC now owns 271,769 shares of the savings and loans company's stock valued at $1,587,000 after buying an additional 113,106 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company's stock.
Insider Activity at Capitol Federal Financial
In other news, Director James G. Morris bought 15,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $6.84 per share, for a total transaction of $102,600.00. Following the completion of the acquisition, the director now directly owns 85,995 shares in the company, valued at approximately $588,205.80. This represents a 21.13 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey M. Johnson purchased 5,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $5.97 per share, with a total value of $29,850.00. Following the completion of the purchase, the director now owns 102,900 shares of the company's stock, valued at approximately $614,313. This represents a 5.11 % increase in their position. The disclosure for this purchase can be found here. 3.20% of the stock is owned by company insiders.
Capitol Federal Financial Price Performance
Shares of NASDAQ:CFFN opened at $6.01 on Friday. The firm has a market cap of $797.95 million, a PE ratio of 15.41 and a beta of 0.50. The firm's fifty day moving average is $6.03 and its 200-day moving average is $6.10. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.30. Capitol Federal Financial, Inc. has a 52 week low of $4.76 and a 52 week high of $7.20.
Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. Sell-side analysts predict that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current year.
Capitol Federal Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.085 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.34 annualized dividend and a yield of 5.66%. Capitol Federal Financial's payout ratio is 87.18%.
Analyst Upgrades and Downgrades
Separately, Piper Sandler cut their price target on shares of Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, January 30th.
Check Out Our Latest Stock Analysis on CFFN
Capitol Federal Financial Company Profile
(Free Report)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.
See Also
- Five stocks we like better than Capitol Federal Financial
- How to Calculate Return on Investment (ROI)
- 3 Volatility ETFs to Help You Profit from Market Chaos
- Bank Stocks - Best Bank Stocks to Invest In
- Lam Research: Is a NAND Upgrade Cycle the Next Growth Catalyst?
- How to Choose Top Rated Stocks
- Chipotle’s Slip: A Short-Term Dip or Long-Term Opportunity?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Where Should You Invest $1,000 Right Now?
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Should You Invest $1,000 in Capitol Federal Financial Right Now?
Before you consider Capitol Federal Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capitol Federal Financial wasn't on the list.
While Capitol Federal Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
