Midwest Financial Group LLC Cuts Stock Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Midwest Financial Group LLC lessened its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 42.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,150 shares of the savings and loans company’s stock after selling 22,596 shares during the quarter. Midwest Financial Group LLC’s holdings in Capitol Federal Financial were worth $178,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in Capitol Federal Financial by 59.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock valued at $8,207,000 after acquiring an additional 560,103 shares in the last quarter. Azora Capital LP grew its position in shares of Capitol Federal Financial by 7.9% in the third quarter. Azora Capital LP now owns 1,465,821 shares of the savings and loans company’s stock valued at $8,560,000 after purchasing an additional 107,826 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Capitol Federal Financial by 52.5% in the third quarter. JPMorgan Chase & Co. now owns 1,052,949 shares of the savings and loans company’s stock valued at $6,149,000 after purchasing an additional 362,291 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Capitol Federal Financial by 28.1% in the second quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company’s stock valued at $4,566,000 after purchasing an additional 182,683 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Capitol Federal Financial by 54.8% during the third quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company’s stock worth $3,341,000 after buying an additional 202,614 shares in the last quarter. 88.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In related news, Director James G. Morris bought 15,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were bought at an average price of $6.84 per share, with a total value of $102,600.00. Following the completion of the transaction, the director now directly owns 85,995 shares of the company’s stock, valued at $588,205.80. This represents a 21.13 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

Capitol Federal Financial Price Performance

Shares of CFFN stock opened at $5.57 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $739.66 million, a PE ratio of 19.22 and a beta of 0.51. The firm’s 50-day moving average is $6.22 and its two-hundred day moving average is $6.11. Capitol Federal Financial, Inc. has a 12 month low of $4.76 and a 12 month high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $45.40 million. During the same quarter in the previous year, the company earned $0.04 EPS. Analysts predict that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current year.

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.