Financial Counselors Inc. Sells 1,866 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Financial Counselors Inc. lessened its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,454 shares of the savings and loans company’s stock after selling 1,866 shares during the quarter. Financial Counselors Inc.’s holdings in Capitol Federal Financial were worth $107,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wealthstream Advisors Inc. purchased a new position in shares of Capitol Federal Financial during the second quarter valued at approximately $55,000. Panagora Asset Management Inc. boosted its holdings in Capitol Federal Financial by 7.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 644,737 shares of the savings and loans company’s stock valued at $3,540,000 after acquiring an additional 41,990 shares during the period. CWM LLC boosted its holdings in Capitol Federal Financial by 533.2% during the 2nd quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock valued at $65,000 after acquiring an additional 9,922 shares during the period. GAMMA Investing LLC grew its position in Capitol Federal Financial by 153.7% in the 2nd quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company’s stock valued at $53,000 after acquiring an additional 5,848 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Capitol Federal Financial in the first quarter worth $609,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

Capitol Federal Financial Price Performance

NASDAQ CFFN opened at $5.82 on Friday. The company has a market cap of $778.33 million, a PE ratio of -6.19 and a beta of 0.50. The firm’s 50 day moving average price is $5.90 and its 200-day moving average price is $5.57. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.34 and a current ratio of 1.34. Capitol Federal Financial, Inc. has a 52-week low of $4.22 and a 52-week high of $6.82.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $99.70 million during the quarter, compared to analysts’ expectations of $47.23 million. Capitol Federal Financial had a negative net margin of 33.33% and a positive return on equity of 4.02%. During the same quarter in the prior year, the business posted $0.06 earnings per share. Sell-side analysts forecast that Capitol Federal Financial, Inc. will post 0.35 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend was Thursday, August 1st. Capitol Federal Financial’s payout ratio is -36.17%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CFFN. Piper Sandler raised their price target on shares of Capitol Federal Financial from $5.50 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th.

Capitol Federal Financial Profile

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.