Capitol Federal Financial, Inc. (NASDAQ:CFFN) Sees Large Growth in Short Interest

Capitol Federal Financial, Inc. (NASDAQ:CFFN) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,370,000 shares, an increase of 6.3% from the October 31st total of 3,170,000 shares. Based on an average daily volume of 703,300 shares, the days-to-cover ratio is presently 4.8 days. Currently, 2.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Capitol Federal Financial

Several hedge funds have recently modified their holdings of CFFN. Tidal Investments LLC purchased a new stake in shares of Capitol Federal Financial during the first quarter valued at $609,000. GAMMA Investing LLC raised 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 valued at $53,000 after buying an additional 5,848 shares during the period. CWM LLC raised its position in Capitol Federal Financial by 533.2% during the second quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock valued at $65,000 after buying an additional 9,922 shares during the period. Panagora Asset Management Inc. raised its position in Capitol Federal Financial by 7.0% during the second 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. Finally, Wealthstream Advisors Inc. acquired a new position in Capitol Federal Financial during the second quarter valued at $55,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Capitol Federal Financial Trading Down 2.2 %

Shares of Capitol Federal Financial stock opened at $6.61 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.31 and a debt-to-equity ratio of 2.11. The firm has a market cap of $877.61 million, a price-to-earnings ratio of 22.79 and a beta of 0.48. The business has a fifty day simple moving average of $6.36 and a 200-day simple moving average of $5.91. Capitol Federal Financial has a fifty-two week low of $4.76 and a fifty-two week high of $7.20.

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

Capitol Federal Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Friday, November 1st. Capitol Federal Financial’s dividend payout ratio is 117.25%.

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, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.