Insider Buying: Capitol Federal Financial, Inc. (NASDAQ:CFFN) Director Purchases 15,000 Shares of Stock

Capitol Federal Financial, Inc. (NASDAQ:CFFN) Director James G. Morris purchased 15,000 shares of Capitol Federal Financial stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of $5.66 per share, with a total value of $84,900.00. Following the acquisition, the director now directly owns 100,995 shares of the company’s stock, valued at $571,631.70. This trade represents a 17.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Capitol Federal Financial Stock Down 1.0 %

Shares of CFFN opened at $5.69 on Friday. The firm has a market cap of $755.55 million, a P/E ratio of 14.59 and a beta of 0.49. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.30 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. The firm’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $6.08.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. On average, analysts forecast that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current year.

Capitol Federal Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.085 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.98%. Capitol Federal Financial’s payout ratio is presently 87.18%.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of Capitol Federal Financial by 52.5% during the third quarter. JPMorgan Chase & Co. now owns 1,052,949 shares of the savings and loans company’s stock worth $6,149,000 after purchasing an additional 362,291 shares during the period. Barclays PLC grew its position in Capitol Federal Financial by 71.3% during the third quarter. Barclays PLC now owns 271,769 shares of the savings and loans company’s stock worth $1,587,000 after buying an additional 113,106 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Capitol Federal Financial by 511.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,065 shares of the savings and loans company’s stock valued at $1,200,000 after acquiring an additional 169,850 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Capitol Federal Financial during the 4th quarter valued at $138,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Capitol Federal Financial by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 592,331 shares of the savings and loans company’s stock worth $3,501,000 after purchasing an additional 16,529 shares in the last quarter. 88.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their target price on Capitol Federal Financial from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, January 30th.

About Capitol Federal Financial

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.