Capitol Federal Financial (NASDAQ:CFFN) Stock Price Up 5.7% Following Dividend Announcement

Capitol Federal Financial, Inc. (NASDAQ:CFFN) shares shot up 5.7% on Wednesday after the company announced a dividend. The stock traded as high as $6.59 and last traded at $6.48. 260,537 shares changed hands during trading, a decline of 69% from the average session volume of 848,204 shares. The stock had previously closed at $6.13.

The newly announced dividend which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 5.18%. Capitol Federal Financial’s payout ratio is -36.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com raised Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price target on shares of Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Piper Sandler raised their price objective on shares of Capitol Federal Financial from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th.

Capitol Federal Financial Stock Up 7.0 %

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $877.29 million, a PE ratio of -6.98 and a beta of 0.49. The company’s 50 day moving average is $5.85 and its two-hundred day moving average is $5.58.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Capitol Federal Financial had a negative net margin of 33.33% and a positive return on equity of 4.02%. The firm had revenue of $99.70 million for the quarter, compared to analysts’ expectations of $47.23 million. During the same quarter in the previous year, the business earned $0.06 EPS. On average, analysts anticipate that Capitol Federal Financial, Inc. will post 0.35 earnings per share for the current year.

Institutional Trading of Capitol Federal Financial

A number of large investors have recently added to or reduced their stakes in CFFN. IFS Advisors LLC boosted its position in shares of Capitol Federal Financial by 1,865.5% during the 3rd quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock valued at $26,000 after acquiring an additional 4,216 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Capitol Federal Financial by 153.7% in the 2nd quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company’s stock worth $53,000 after buying an additional 5,848 shares during the last quarter. Wealthstream Advisors Inc. bought a new stake in shares of Capitol Federal Financial in the 2nd quarter worth about $55,000. EntryPoint Capital LLC bought a new stake in shares of Capitol Federal Financial in the 1st quarter worth about $62,000. Finally, CWM LLC lifted its holdings in shares of Capitol Federal Financial by 533.2% in the 2nd quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock valued at $65,000 after acquiring an additional 9,922 shares during the last quarter. Institutional investors own 88.51% 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, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.