BidaskClub Downgrades Capitol Federal Financial (CFFN) to Buy

BidaskClub lowered shares of Capitol Federal Financial (NASDAQ:CFFN) from a strong-buy rating to a buy rating in a research report released on Friday morning.

NASDAQ:CFFN opened at $13.22 on Friday. The company has a market capitalization of $1.87 billion, a PE ratio of 20.11 and a beta of 0.50. Capitol Federal Financial has a 1 year low of $11.80 and a 1 year high of $14.15. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.33 and a quick ratio of 1.33.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Friday, October 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $55.90 million during the quarter. Capitol Federal Financial had a net margin of 28.76% and a return on equity of 6.71%.

The firm also recently declared a special dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.39 dividend. This represents a dividend yield of 2.78%. This is an increase from Capitol Federal Financial’s previous special dividend of $0.25. The ex-dividend date of this dividend was Thursday, November 15th.

In other Capitol Federal Financial news, insider Natalie G. Haag purchased 4,860 shares of Capitol Federal Financial stock in a transaction dated Thursday, November 1st. The shares were purchased at an average cost of $12.29 per share, for a total transaction of $59,729.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Counselors Inc. raised its holdings in shares of Capitol Federal Financial by 19.3% in the third quarter. Financial Counselors Inc. now owns 29,305 shares of the savings and loans company’s stock worth $373,000 after buying an additional 4,737 shares during the period. Creative Planning raised its holdings in shares of Capitol Federal Financial by 7.9% in the third quarter. Creative Planning now owns 104,301 shares of the savings and loans company’s stock worth $1,329,000 after buying an additional 7,632 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Capitol Federal Financial in the third quarter worth approximately $117,000. Wells Fargo & Company MN raised its holdings in shares of Capitol Federal Financial by 4.9% in the third quarter. Wells Fargo & Company MN now owns 207,960 shares of the savings and loans company’s stock worth $2,649,000 after buying an additional 9,774 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Capitol Federal Financial by 50.0% in the second quarter. Gamco Investors INC. ET AL now owns 30,000 shares of the savings and loans company’s stock worth $395,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 76.57% of the company’s stock.

Capitol Federal Financial Company 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 comprising savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposits.

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