Capitol Federal Financial, Inc. Director Makes Stock Purchase
On January 31st, Jeffrey M. Johnson, a director at Capitol Federal Financial, Inc. (NASDAQ:CFFN), purchased 5,000 shares of the company’s stock for a total of $29,850.00. The shares were acquired at an average price of $5.97 each. After this transaction, Johnson now directly holds 102,900 shares in the company, which are valued at approximately $614,313. This purchase reflects a 5.11% increase in his ownership stake. The details of this transaction have been officially reported to the Securities and Exchange Commission (SEC) and can be reviewed in their filings.
Capitol Federal Financial's Market Performance
During trading on Monday, Capitol Federal Financial's shares fell by $0.01, bringing the price to $5.94 per share. A total of 679,400 shares changed hands that day, which is slightly below the average volume of 764,594 shares. The company has a market capitalization of approximately $788.65 million, with a price-to-earnings (PE) ratio of 15.23 and a beta of 0.50. Currently, the stock has a 50-day and a 200-day simple moving average both set at $6.11. The company’s quick ratio stands at 1.31, the current ratio at 1.30, and it has a debt-to-equity ratio of 2.11. Over the past year, Capitol Federal Financial's stock has reached a low of $4.76 and a high of $7.20.
Quarterly Earnings Report
Capitol Federal Financial recently released its quarterly earnings report on January 29th. The company announced earnings per share (EPS) of $0.12 for the quarter, which was higher than the analysts' consensus estimate of $0.11. The return on equity for the company was reported at 4.96%, along with a net profit margin of 12.67%. Looking ahead, analysts project that Capitol Federal Financial will report an EPS of $0.46 for the current year.
Dividend Announcement
The company has also declared a quarterly dividend, which is due to be paid on February 21st. Shareholders recorded as of February 7th will each receive a dividend payment of $0.085. The ex-dividend date for this payment is set for February 7th. This translates to an annual dividend of $0.34, yielding approximately 5.72%. The dividend payout ratio currently stands at 87.18%.
Changes in Analyst Ratings
In related news, Piper Sandler has adjusted their target price for Capitol Federal Financial from $7.00 to $6.50 and maintained a 'neutral' rating on the stock.
Institutional Investment Activities
Recently, numerous institutional investors have adjusted their stakes in Capitol Federal Financial. For instance, IFS Advisors LLC significantly increased its holdings by 1,865.5% during the third quarter, now owning 4,442 shares worth $26,000 after acquiring an additional 4,216 shares. Similarly, Endeavor Private Wealth Inc. purchased new shares valued at around $53,000 in the fourth quarter. KBC Group NV raised its stake in Capitol Federal Financial by 59.8%, and Point72 DIFC Ltd also acquired new interests valued at $66,000 during the third quarter. In total, institutional investors currently own about 88.51% of the company's stock.
Company Overview
Capitol Federal Financial, Inc. serves as the holding company for Capitol Federal Savings Bank. The bank offers a variety of retail banking products and services across the United States, including savings accounts, money market accounts, checking accounts, both interest-bearing and non-interest-bearing, and certificates of deposit.
Considerations for Investors
Before investing in Capitol Federal Financial, potential investors should note that it currently holds a 'Hold' rating among analysts. Some analysts suggest exploring other stocks that may present better investment opportunities.
investment, stocks, financial