Franklin Resources Inc. Invests $517,000 in Capitol Federal Financial $CFFN

Franklin Resources Inc. acquired a new stake in Capitol Federal Financial (NASDAQ:CFFN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 84,813 shares of the savings and loans company’s stock, valued at approximately $517,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC acquired a new position in Capitol Federal Financial in the second quarter valued at about $66,000. Legal & General Group Plc lifted its holdings in shares of Capitol Federal Financial by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 340,082 shares of the savings and loans company’s stock valued at $2,075,000 after purchasing an additional 26,536 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Capitol Federal Financial in the 2nd quarter valued at approximately $164,000. EMC Capital Management bought a new stake in Capitol Federal Financial during the 2nd quarter worth approximately $112,000. Finally, LSV Asset Management raised its holdings in Capitol Federal Financial by 65.3% during the 2nd quarter. LSV Asset Management now owns 612,600 shares of the savings and loans company’s stock worth $3,737,000 after buying an additional 242,100 shares during the period. 88.51% of the stock is currently owned by institutional investors.

Capitol Federal Financial Trading Up 0.7%

Capitol Federal Financial stock opened at $6.72 on Tuesday. The company has a market cap of $885.76 million, a price-to-earnings ratio of 12.92 and a beta of 0.69. The firm has a 50-day moving average of $6.34 and a 200-day moving average of $6.20. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26. Capitol Federal Financial has a one year low of $4.90 and a one year high of $6.83.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Capitol Federal Financial had a return on equity of 6.54% and a net margin of 16.19%.The business had revenue of $54.57 million for the quarter, compared to the consensus estimate of $53.46 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities analysts expect that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, November 7th. Capitol Federal Financial’s dividend payout ratio is presently 65.38%.

Insider Buying and Selling at Capitol Federal Financial

In other news, EVP Rick C. Jackson bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $6.05 per share, with a total value of $48,400.00. Following the completion of the purchase, the executive vice president owned 156,752 shares of the company’s stock, valued at $948,349.60. This represents a 5.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CFFN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capitol Federal Financial in a report on Tuesday, November 25th. Zacks Research raised shares of Capitol Federal Financial to a “hold” rating in a research note on Tuesday, November 4th. Finally, Piper Sandler began coverage on Capitol Federal Financial in a report on Wednesday, October 22nd. They set a “neutral” rating and a $7.00 target price for the company. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Capitol Federal Financial presently has a consensus rating of “Hold” and a consensus price target of $7.00.

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.