Thrivent Financial for Lutherans Trims Stock Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Thrivent Financial for Lutherans lessened its stake in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 219,045 shares of the savings and loans company’s stock after selling 6,577 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Capitol Federal Financial were worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFFN. CANADA LIFE ASSURANCE Co raised its holdings in Capitol Federal Financial by 8.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 122,310 shares of the savings and loans company’s stock valued at $726,000 after acquiring an additional 9,848 shares during the last quarter. Tidal Investments LLC acquired a new position in Capitol Federal Financial in the first quarter valued at $609,000. GAMMA Investing LLC lifted its position in Capitol Federal Financial by 153.7% during the second quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company’s stock worth $53,000 after buying an additional 5,848 shares during the period. CWM LLC boosted its stake in Capitol Federal Financial by 533.2% in the 2nd 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 last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Capitol Federal Financial by 7.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 644,737 shares of the savings and loans company’s stock valued at $3,540,000 after buying an additional 41,990 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped 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 Down 1.5 %

Shares of CFFN stock opened at $6.68 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.31 and a debt-to-equity ratio of 2.11. Capitol Federal Financial, Inc. has a fifty-two week low of $4.76 and a fifty-two week high of $7.20. The firm’s 50 day moving average price is $6.33 and its two-hundred day moving average price is $5.89. The stock has a market cap of $886.70 million, a price-to-earnings ratio of 23.04 and a beta of 0.47.

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

Capitol Federal Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.085 per share. The ex-dividend date was Friday, November 1st. This represents a $0.34 annualized dividend and a dividend yield of 5.09%. Capitol Federal Financial’s payout ratio is currently 117.25%.

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.