New York State Teachers Retirement System Cuts Stock Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

New York State Teachers Retirement System lowered its holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,344 shares of the savings and loans company’s stock after selling 2,200 shares during the quarter. New York State Teachers Retirement System’s holdings in Capitol Federal Financial were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of Capitol Federal Financial by 52.5% during the third quarter. JPMorgan Chase & Co. now owns 1,052,949 shares of the savings and loans company’s stock worth $6,149,000 after purchasing an additional 362,291 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Capitol Federal Financial by 54.8% during the 3rd 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 in the last quarter. Barclays PLC increased its position in Capitol Federal Financial by 71.3% during the 3rd quarter. Barclays PLC now owns 271,769 shares of the savings and loans company’s stock valued at $1,587,000 after buying an additional 113,106 shares in the last quarter. GSA Capital Partners LLP raised its stake in Capitol Federal Financial by 254.7% in the third quarter. GSA Capital Partners LLP now owns 155,071 shares of the savings and loans company’s stock valued at $906,000 after buying an additional 111,356 shares during the last quarter. Finally, Azora Capital LP boosted its holdings in Capitol Federal Financial by 7.9% in the third quarter. Azora Capital LP now owns 1,465,821 shares of the savings and loans company’s stock worth $8,560,000 after acquiring an additional 107,826 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director James G. Morris purchased 15,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average price of $6.84 per share, with a total value of $102,600.00. Following the completion of the acquisition, the director now directly owns 85,995 shares in the company, valued at $588,205.80. This represents a 21.13 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey M. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $5.97 per share, for a total transaction of $29,850.00. Following the transaction, the director now directly owns 102,900 shares in the company, valued at $614,313. This trade represents a 5.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price target on Capitol Federal Financial from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, January 30th.

Capitol Federal Financial Stock Performance

CFFN opened at $5.81 on Tuesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.30 and a quick ratio of 1.30. Capitol Federal Financial, Inc. has a 1 year low of $4.76 and a 1 year high of $7.20. The firm has a fifty day moving average price of $5.91 and a 200 day moving average price of $6.10. The stock has a market cap of $771.49 million, a P/E ratio of 14.90 and a beta of 0.50.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. Equities research analysts anticipate that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.085 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.34 annualized dividend and a yield of 5.85%. Capitol Federal Financial’s dividend payout ratio is presently 87.18%.

Capitol Federal Financial Company 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.