Capitol Federal Financial, Inc. Director Purchases $29,850 in Stock

On January 31st, Jeffrey M. Johnson, a director at Capitol Federal Financial, Inc. (NASDAQ:CFFN), purchased 5,000 shares of the company’s stock. The shares were bought at an average price of $5.97 each, leading to a total expenditure of $29,850. Following this acquisition, Johnson now possesses 102,900 shares of the company, valued at approximately $614,313. This purchase represents a 5.11% increase in his overall stake in Capitol Federal Financial. The transaction has been officially disclosed in a filing with the Securities and Exchange Commission (SEC), which is accessible online.

Capitol Federal Financial Stock Performance

During trading on Monday, shares of NASDAQ:CFFN decreased by $0.01, settling at a price of $5.94. In total, 679,400 shares exchanged hands, which is slightly below the average volume of 764,594 shares. The market capitalization of Capitol Federal Financial is approximately $788.65 million, with a price-to-earnings (PE) ratio of 15.23 and a beta value of 0.50. The stock's 50-day and 200-day simple moving averages both stand at $6.11. Also notable is the company's quick ratio of 1.31 and current ratio of 1.30, alongside a debt-to-equity ratio of 2.11. Over the past year, Capitol Federal Financial's stock reached a low of $4.76 and a high of $7.20.

Capitol Federal Financial last reported quarterly earnings on January 29th, announcing an earnings per share (EPS) of $0.12, surpassing the analyst consensus estimate of $0.11 by a narrow margin. The company recorded a return on equity of 4.96% and a net margin of 12.67%. Analysts currently project that Capitol Federal Financial will achieve an EPS of 0.46 for the ongoing fiscal year.

Dividend Announcement

Recently, Capitol Federal Financial declared a quarterly dividend set to be distributed on February 21st. Shareholders recorded as of February 7th will receive a dividend of $0.085 per share. The ex-dividend date is also February 7th. This dividend translates to an annual payout of $0.34, yielding about 5.72%. The company's dividend payout ratio currently stands at 87.18%.

Analyst Ratings Changes

In related news, multiple analysts have adjusted their price targets for Capitol Federal Financial. Piper Sandler lowered their target price from $7.00 to $6.50 and maintained a 'neutral' rating on the stock.

Institutional Investor Activity

Several institutional investors have recently altered their stakes in Capitol Federal Financial. IFS Advisors LLC, for example, significantly increased its position by 1,865.5% during the third quarter, acquiring 4,442 shares and bringing their total to $26,000 in value. Endeavor Private Wealth Inc. entered into a new position worth approximately $53,000 in the fourth quarter. Additionally, KBC Group NV expanded its holdings by 59.8%, now owning 9,256 shares worth $54,000 after obtaining 3,463 new shares. Point72 DIFC Ltd and EP Wealth Advisors LLCalso acquired new stakes in the company during the third quarter, each valued at around $66,000. In total, institutional investors and hedge funds currently hold 88.51% of Capitol Federal Financial's stock.

Company Overview

Capitol Federal Financial, Inc. operates as the holding entity for Capitol Federal Savings Bank, providing a diverse range of retail banking products and services throughout the United States. The company offers various deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.

Stocks, Investment, Dividends