138,255 Shares in Capitol Federal Financial $CFFN Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC purchased a new stake in shares of Capitol Federal Financial (NASDAQ:CFFN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 138,255 shares of the savings and loans company’s stock, valued at approximately $878,000. Wedge Capital Management L L P NC owned approximately 0.10% of Capitol Federal Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Capitol Federal Financial by 36.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,926,820 shares of the savings and loans company’s stock valued at $17,854,000 after purchasing an additional 785,339 shares during the last quarter. HoldCo Asset Management LP bought a new stake in shares of Capitol Federal Financial during the second quarter worth approximately $39,443,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Capitol Federal Financial by 29.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,430 shares of the savings and loans company’s stock valued at $279,000 after buying an additional 9,994 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Capitol Federal Financial in the second quarter valued at approximately $48,165,000. Finally, Voya Investment Management LLC grew its holdings in Capitol Federal Financial by 223.8% during the 1st quarter. Voya Investment Management LLC now owns 238,067 shares of the savings and loans company’s stock worth $1,333,000 after acquiring an additional 164,544 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Capitol Federal Financial Trading Up 0.5%

NASDAQ CFFN opened at $7.07 on Thursday. Capitol Federal Financial has a one year low of $4.90 and a one year high of $7.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $928.62 million, a P/E ratio of 13.59 and a beta of 0.69. The stock’s 50-day moving average is $6.52 and its 200-day moving average is $6.32.

Capitol Federal Financial (NASDAQ:CFFN) last announced its earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. The firm had revenue of $54.57 million during the quarter, compared to analyst estimates of $53.46 million. During the same period in the prior year, the business earned $0.09 EPS. Sell-side analysts anticipate that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, January 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.3%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 65.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CFFN. Weiss Ratings reissued a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday. Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a report on Tuesday, November 4th. Finally, Piper Sandler assumed coverage on Capitol Federal Financial in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 target price on the stock. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Insider Transactions at Capitol Federal Financial

In other news, EVP Rick C. Jackson bought 8,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $6.05 per share, for a total transaction of $48,400.00. Following the purchase, the executive vice president owned 156,752 shares of the company’s stock, valued at approximately $948,349.60. The trade was a 5.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

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.