Hotchkis & Wiley Capital Management LLC Cuts Stock Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Hotchkis & Wiley Capital Management LLC reduced its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,023,170 shares of the savings and loans company's stock after selling 96,070 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.77% of Capitol Federal Financial worth $5,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of Capitol Federal Financial by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company's stock valued at $23,827,000 after purchasing an additional 203,200 shares during the last quarter. Tidal Investments LLC bought a new position in Capitol Federal Financial during the first quarter valued at approximately $609,000. Wealth Enhancement Advisory Services LLC purchased a new position in Capitol Federal Financial during the 3rd quarter valued at approximately $152,000. AQR Capital Management LLC increased its stake in Capitol Federal Financial by 59.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company's stock worth $8,207,000 after acquiring an additional 560,103 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Capitol Federal Financial during the 2nd quarter worth approximately $70,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James G. Morris acquired 15,000 shares of Capitol Federal Financial stock in a transaction on Monday, December 2nd. The shares were bought at an average cost of $6.84 per share, for a total transaction of $102,600.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target on shares of Capitol Federal Financial from $6.50 to $7.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th.

Capitol Federal Financial Trading Up 0.9 %

NASDAQ CFFN traded up $0.06 during trading hours on Friday, hitting $6.69. 416,829 shares of the company were exchanged, compared to its average volume of 834,191. Capitol Federal Financial, Inc. has a 52 week low of $4.76 and a 52 week high of $7.20. The company has a quick ratio of 1.34, a current ratio of 1.31 and a debt-to-equity ratio of 2.11. The stock has a 50-day moving average price of $6.40 and a 200 day moving average price of $5.93. The stock has a market cap of $888.26 million, a PE ratio of 23.10 and a beta of 0.48.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. Capitol Federal Financial had a return on equity of 4.69% and a net margin of 9.95%. The company had revenue of $101.65 million during the quarter, compared to the consensus estimate of $45.40 million. During the same period last year, the company earned $0.04 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 5.08%. The ex-dividend date was Friday, November 1st. Capitol Federal Financial's payout ratio is currently 117.24%.

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.