BlackRock Fund Advisors recently announced the acquisition of new stake in Capitol Federal Financial Inc. (NASDAQ:CFFN). The institutional investor has increased its shareholding in the Financial company by 0.70% to 19.19 million shares with purchase of 0.13 million shares. This fresh investment now brings its stake to 14.09% valued currently at $160.99 million. In addition, American Century Investment Manag raised its holdings by 76186.0 to 16.71 million shares. And The Vanguard Group, Inc. has lifted its position by 1.45% or 0.22 million shares – to 15.5 million shares.
With over 2.56 million Capitol Federal Financial Inc. (CFFN) shares trading Tuesday and a closing price of $7.74 on the day, the dollar volume was approximately $19.85 million. The shares have shown a negative half year performance of -12.56% and its price on 03/14/23 gained nearly 9.55%. Currently, there are 134.64M common shares owned by the public and among those 127.53M shares have been available to trade.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
Insiders at the company have transacted a total of 17 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 64,649 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 10,274 shares.
The top 3 mutual fund holders in Capitol Federal Financial Inc. are iShares Core S&P Small Cap ETF, American Century Cap. Port. Inc., and American Century Mid Cap Value Fu. iShares Core S&P Small Cap ETF owns 9.4 million shares of the company’s stock, all valued at over $78.85 million. American Century Mid Cap Value Fu now owns shares totaling to 3.08% of the shares outstanding.
Shares of Capitol Federal Financial Inc. (NASDAQ: CFFN) opened at $7.46, up $0.39 from a prior closing price of $7.07. However, the script later moved the day high at 7.88, up 9.55%. The company’s stock has a 5-day price change of -1.46% and -5.78% over the past three months. CFFN shares are trading -10.46% year to date (YTD), with the 12-month market performance down to -26.20% lower. It has a 12-month low price of $6.64 and touched a high of $10.69 over the same period. CFFN has an average intraday trading volume of 809.96K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.16%, -7.74%, and -9.92% respectively.
Institutional ownership of Capitol Federal Financial Inc. (NASDAQ: CFFN) shares accounts for 77.10% of the company’s 134.64M shares outstanding. Mutual fund holders own 57.86%, while other institutional holders and individual stakeholders account for 7.97% and 20.13% respectively.
It has a market capitalization of $1.07B and a beta (3y monthly) value of 0.40. The stock’s trailing 12-month PE ratio is 13.38, while the earnings-per-share (ttm) stands at $0.58. The company has a PEG of 2.68 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.78% over the week and 2.64% over the month.
Analysts forecast that Capitol Federal Financial Inc. (CFFN) will achieve an EPS of $0.11 for the current quarter, $0.1 for the next quarter and $0.45 for 2024. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.12. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 10.80%, and 7.58% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -0.10% over the past 5-year period.
Looking at the support for the CFFN, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on April 09, 2020, with the firm’s price target at $15. Stifel Nicolaus coverage for the Capitol Federal Financial Inc. (CFFN) stock in a research note released on April 17, 2012 offered a Buy rating with a price target of $13.50.
