Verition Fund Management LLC Makes New Investment in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Verition Fund Management LLC purchased a new position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 54,323 shares of the savings and loans company’s stock, valued at approximately $317,000.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC increased its stake in shares of Capitol Federal Financial by 1,865.5% in the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock valued at $26,000 after purchasing an additional 4,216 shares during the period. KBC Group NV boosted its position in shares of Capitol Federal Financial by 59.8% during the 3rd quarter. KBC Group NV now owns 9,256 shares of the savings and loans company’s stock valued at $54,000 after purchasing an additional 3,463 shares in the last quarter. Wealthstream Advisors Inc. acquired a new position in Capitol Federal Financial in the second quarter worth approximately $55,000. CWM LLC boosted its holdings in shares of Capitol Federal Financial by 533.2% in the second quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock worth $65,000 after buying an additional 9,922 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Capitol Federal Financial by 20.7% in the 3rd quarter. GAMMA Investing LLC now owns 11,648 shares of the savings and loans company’s stock worth $68,000 after purchasing an additional 1,995 shares during the period. Institutional investors own 88.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Insider Activity

In other news, Director James G. Morris bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of $6.84 per share, for a total transaction of $102,600.00. Following the transaction, the director now directly owns 85,995 shares of the company’s stock, valued at $588,205.80. This trade represents a 21.13 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is owned by company insiders.

Capitol Federal Financial Trading Up 0.3 %

Capitol Federal Financial stock opened at $6.52 on Friday. The company has a market capitalization of $865.66 million, a price-to-earnings ratio of 22.48 and a beta of 0.48. The company’s fifty day moving average price is $6.51 and its two-hundred day moving average price is $5.98. Capitol Federal Financial, Inc. has a one year low of $4.76 and a one year high of $7.20. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.31 and a quick ratio of 1.31.

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

Capitol Federal Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.085 per share. The ex-dividend date was Friday, November 1st. This represents a $0.34 dividend on an annualized basis and a yield of 5.21%. Capitol Federal Financial’s dividend payout ratio is currently 117.25%.

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.