PNC Financial Services Group Inc. Cuts Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

PNC Financial Services Group Inc. trimmed its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,002 shares of the savings and loans company’s stock after selling 2,649 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Capitol Federal Financial were worth $130,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Capitol Federal Financial by 9.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,215 shares of the savings and loans company’s stock valued at $194,000 after purchasing an additional 2,731 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Capitol Federal Financial by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,197 shares of the savings and loans company’s stock valued at $43,000 after buying an additional 4,093 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Capitol Federal Financial by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 66,067 shares of the savings and loans company’s stock valued at $386,000 after acquiring an additional 5,673 shares during the last quarter. Captrust Financial Advisors grew its position in Capitol Federal Financial by 14.6% in the third quarter. Captrust Financial Advisors now owns 53,897 shares of the savings and loans company’s stock worth $315,000 after acquiring an additional 6,869 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in Capitol Federal Financial in the fourth quarter worth about $53,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Capitol Federal Financial Trading Up 1.2 %

CFFN stock opened at $5.81 on Tuesday. The firm’s fifty day simple moving average is $5.86 and its two-hundred day simple moving average is $6.09. The stock has a market capitalization of $771.49 million, a price-to-earnings ratio of 14.90 and a beta of 0.49. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.11. Capitol Federal Financial, Inc. has a twelve month low of $4.76 and a twelve month high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current year.

Capitol Federal Financial Dividend Announcement

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, EVP Rick C. Jackson purchased 10,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $5.88 per share, with a total value of $58,800.00. Following the completion of the purchase, the executive vice president now owns 191,428 shares of the company’s stock, valued at approximately $1,125,596.64. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey M. Johnson purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $5.97 per share, with a total value of $29,850.00. Following the acquisition, the director now directly owns 102,900 shares of the company’s stock, valued at $614,313. This trade represents a 5.11 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.20% of the company’s stock.

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.