State of Alaska Department of Revenue Trims Stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

State of Alaska Department of Revenue lessened its stake in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,688 shares of the savings and loans company’s stock after selling 2,788 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Capitol Federal Financial worth $406,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Capitol Federal Financial by 4.9% during the second quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock valued at $23,827,000 after acquiring an additional 203,200 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Capitol Federal Financial during the 1st quarter worth about $609,000. AQR Capital Management LLC grew its holdings in shares of Capitol Federal Financial by 59.9% during the second quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock worth $8,207,000 after buying an additional 560,103 shares in the last quarter. Algert Global LLC acquired a new position in shares of Capitol Federal Financial in the second quarter valued at approximately $70,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Capitol Federal Financial by 54.8% in the third quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company’s stock valued at $3,341,000 after buying an additional 202,614 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Price Performance

Shares of CFFN opened at $6.93 on Friday. Capitol Federal Financial, Inc. has a fifty-two week low of $4.76 and a fifty-two week high of $7.20. The company’s fifty day moving average is $6.04 and its two-hundred day moving average is $5.70. The firm has a market cap of $919.87 million, a PE ratio of 23.90 and a beta of 0.47. The company has a quick ratio of 1.34, a current ratio of 1.31 and a debt-to-equity ratio of 2.11.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $101.65 million during the quarter, compared to the consensus estimate of $45.40 million. Capitol Federal Financial had a return on equity of 4.69% and a net margin of 9.95%. During the same quarter in the previous year, the business earned $0.04 earnings per share. Analysts forecast that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.34 annualized dividend and a yield of 4.91%. Capitol Federal Financial’s payout ratio is 117.24%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CFFN. Keefe, Bruyette & Woods boosted their price target on Capitol Federal Financial from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, July 25th. StockNews.com upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Piper Sandler raised their price target on Capitol Federal Financial from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

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.