Capitol Federal Financial (NASDAQ:CFFN) Trading Down 3.2%

Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) dropped 3.2% on Wednesday . The stock traded as low as $5.41 and last traded at $5.41. Approximately 315,254 shares changed hands during trading, a decline of 64% from the average daily volume of 882,825 shares. The stock had previously closed at $5.59.

Analyst Ratings Changes

CFFN has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $6.00 target price (down previously from $7.00) on shares of Capitol Federal Financial in a research note on Thursday, April 25th. Piper Sandler lowered their target price on shares of Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Monday.

Capitol Federal Financial Price Performance

The firm has a market cap of $723.50 million, a price-to-earnings ratio of -5.76 and a beta of 0.50. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.29. The company’s 50-day moving average price is $5.17 and its 200-day moving average price is $5.66.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $45.96 million for the quarter, compared to analysts’ expectations of $47.23 million. Capitol Federal Financial had a negative net margin of 33.99% and a positive return on equity of 3.85%. On average, equities research analysts forecast that Capitol Federal Financial, Inc. will post 0.42 EPS for the current year.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a $0.085 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.34 annualized dividend and a yield of 6.28%. Capitol Federal Financial’s dividend payout ratio (DPR) is -36.17%.

Insider Activity at Capitol Federal Financial

In other news, Director Jeffrey M. Johnson bought 10,000 shares of Capitol Federal Financial stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average price of $5.12 per share, with a total value of $51,200.00. Following the completion of the acquisition, the director now directly owns 97,900 shares in the company, valued at $501,248. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Capitol Federal Financial

Several hedge funds have recently added to or reduced their stakes in CFFN. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Capitol Federal Financial in the third quarter valued at approximately $155,000. Trexquant Investment LP increased its stake in Capitol Federal Financial by 95.9% in the third quarter. Trexquant Investment LP now owns 85,210 shares of the savings and loans company’s stock valued at $406,000 after purchasing an additional 41,704 shares during the last quarter. Teza Capital Management LLC purchased a new position in Capitol Federal Financial in the third quarter valued at approximately $94,000. AXQ Capital LP purchased a new position in Capitol Federal Financial in the third quarter valued at approximately $59,000. Finally, GSA Capital Partners LLP increased its stake in Capitol Federal Financial by 23.0% in the third quarter. GSA Capital Partners LLP now owns 211,472 shares of the savings and loans company’s stock valued at $1,009,000 after purchasing an additional 39,604 shares during the last quarter. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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.