Capitol Federal Financial, Inc. (CFFN) Rating Lowered to Hold at Zacks Investment Research

Capitol Federal Financial, Inc. (NASDAQ:CFFN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Savings Bank is the only operating subsidiary. The bank is a community-oriented financial institution offering a variety of financial services to meet the needs of the communities we serve. They attract retail deposits from the general public and invest those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences. “

Separately, BidaskClub raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.

Shares of Capitol Federal Financial (NASDAQ:CFFN) traded up 0.85% during trading on Friday, reaching $14.27. 401,863 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 22.69 and a beta of 0.46. The stock has a 50 day moving average price of $13.74 and a 200-day moving average price of $14.17. Capitol Federal Financial has a 52 week low of $13.21 and a 52 week high of $17.04.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Capitol Federal Financial had a net margin of 25.51% and a return on equity of 6.12%. The company had revenue of $54.82 million for the quarter, compared to analysts’ expectations of $54.30 million. During the same period last year, the company earned $0.15 EPS. Analysts predict that Capitol Federal Financial will post $0.64 earnings per share for the current year.

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In other news, insider Carlton A. Ricketts purchased 4,525 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $14.04 per share, with a total value of $63,531.00. Following the purchase, the insider now directly owns 53,545 shares of the company’s stock, valued at $751,771.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie G. Haag purchased 2,200 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $13.66 per share, for a total transaction of $30,052.00. Following the completion of the purchase, the insider now directly owns 49,959 shares in the company, valued at $682,439.94. The disclosure for this purchase can be found here. 2.50% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in CFFN. Bank of New York Mellon Corp lifted its holdings in shares of Capitol Federal Financial by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 803,611 shares of the savings and loans company’s stock worth $11,756,000 after acquiring an additional 42,055 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Capitol Federal Financial by 15.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 88,885 shares of the savings and loans company’s stock worth $1,300,000 after acquiring an additional 12,113 shares during the period. Karp Capital Management Corp purchased a new position in shares of Capitol Federal Financial during the 1st quarter worth about $756,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Capitol Federal Financial by 1.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 654,847 shares of the savings and loans company’s stock worth $9,580,000 after acquiring an additional 6,318 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Capitol Federal Financial during the 1st quarter worth about $818,000. Institutional investors and hedge funds own 75.33% of the company’s stock.

About Capitol Federal Financial

Capitol Federal Financial, Inc is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal Savings Bank (the Bank), a federal savings bank that serves primarily the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia and Salina, Kansas and portions of the metropolitan area of greater Kansas City.

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