Canada Pension Plan Investment Board Takes Position in Capitol Federal Financial $CFFN

Canada Pension Plan Investment Board purchased a new stake in shares of Capitol Federal Financial (NASDAQ:CFFN) during the 2nd quarter, HoldingsChannel reports. The fund purchased 101,200 shares of the savings and loans company’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Capitol Federal Financial in the second quarter valued at $152,515,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Capitol Federal Financial by 10.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock worth $23,273,000 after acquiring an additional 309,342 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Capitol Federal Financial by 5,864.6% during the 1st quarter. Fifth Third Bancorp now owns 65,193 shares of the savings and loans company’s stock worth $465,000 after acquiring an additional 64,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Capitol Federal Financial in the 2nd quarter worth $1,902,000. Finally, Empowered Funds LLC acquired a new position in shares of Capitol Federal Financial in the 1st quarter worth $2,532,000. Institutional investors own 88.51% of the company’s stock.

Analysts Set New Price Targets

CFFN has been the topic of a number of recent analyst reports. New Street Research set a $10.00 target price on Capitol Federal Financial in a research report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capitol Federal Financial in a research report on Friday, August 7th. Piper Sandler lifted their price target on Capitol Federal Financial from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Benchmark began coverage on Capitol Federal Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Capitol Federal Financial Trading Down 0.6%

Capitol Federal Financial stock opened at $8.61 on Tuesday. Capitol Federal Financial has a 12 month low of $5.97 and a 12 month high of $9.26. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60. The stock has a market cap of $1.08 billion, a P/E ratio of 13.25 and a beta of 0.68. The company’s fifty day simple moving average is $8.63 and its 200-day simple moving average is $7.93.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $60.15 million during the quarter, compared to analyst estimates of $58.65 million. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 7th. Capitol Federal Financial’s dividend payout ratio is currently 52.31%.

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.