Capitol Federal Financial, Inc. (NASDAQ:CFFN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 8.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,233,457 shares of the savings and loans company's stock after selling 121,035 shares during the period. Bank of New York Mellon Corp owned approximately 0.93% of Capitol Federal Financial worth $7,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Capitol Federal Financial by 9.0% in 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 acquiring an additional 2,731 shares during the period. KBC Group NV grew its holdings in 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 during the last quarter. Stifel Financial Corp lifted its stake in Capitol Federal Financial by 9.4% in the third quarter. Stifel Financial Corp now owns 66,067 shares of the savings and loans company's stock worth $386,000 after purchasing an additional 5,673 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Capitol Federal Financial by 14.6% during the third quarter. Captrust Financial Advisors now owns 53,897 shares of the savings and loans company's stock valued at $315,000 after buying an additional 6,869 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Capitol Federal Financial during the fourth quarter valued at approximately $53,000. 88.51% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, EVP Rick C. Jackson bought 10,000 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $5.88 per share, for a total transaction of $58,800.00. Following the completion of the purchase, the executive vice president now directly owns 191,428 shares in the company, valued at approximately $1,125,596.64. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey M. Johnson purchased 5,000 shares of Capitol Federal Financial stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $29,850.00. Following the completion of the transaction, the director now owns 102,900 shares of the company's stock, valued at approximately $614,313. This represents a 5.11 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler cut their price objective on Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Thursday, January 30th.

Capitol Federal Financial Trading Up 1.0 %

Capitol Federal Financial stock traded up $0.06 during trading hours on Wednesday, hitting $5.80. The company had a trading volume of 404,876 shares, compared to its average volume of 733,845. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $769.49 million, a P/E ratio of 14.86 and a beta of 0.49. The company has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $6.09. Capitol Federal Financial, Inc. has a 1 year low of $4.76 and a 1 year high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. On average, sell-side analysts anticipate that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.085 per share. The ex-dividend date was Friday, February 7th. This represents a $0.34 annualized dividend and a yield of 5.87%. Capitol Federal Financial's dividend payout ratio (DPR) is presently 87.18%.

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.