Capitol Federal Financial (NASDAQ:CFFN) Trading 5.7% Higher After Dividend Announcement

Capitol Federal Financial, Inc. (NASDAQ:CFFN - Get Free Report)'s stock price was up 5.7% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $6.59 and last traded at $6.48. Approximately 260,537 shares were traded during trading, a decline of 69% from the average daily 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. Stockholders of record on Friday, November 1st will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 5.18%. Capitol Federal Financial's dividend payout ratio is currently -36.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CFFN shares. Keefe, Bruyette & Woods upped their price objective on Capitol Federal Financial from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, July 25th. StockNews.com upgraded Capitol Federal Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, July 17th. Finally, Piper Sandler upped their price objective on Capitol Federal Financial from $5.50 to $7.00 and gave the company a "neutral" rating in a research note on Thursday, July 25th.

Capitol Federal Financial Price Performance

The stock has a fifty day moving average of $5.85 and a two-hundred day moving average of $5.58. The stock has a market capitalization of $877.29 million, a price-to-earnings ratio of -6.98 and a beta of 0.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.25.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). The firm had revenue of $99.70 million during the quarter, compared to the consensus estimate of $47.23 million. Capitol Federal Financial had a negative net margin of 33.33% and a positive return on equity of 4.02%. During the same quarter in the previous year, the business posted $0.06 earnings per share. As a group, equities research analysts forecast that Capitol Federal Financial, Inc. will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CFFN. IFS Advisors LLC boosted its position in Capitol Federal Financial by 1,865.5% in the 3rd quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company's stock valued at $26,000 after buying an additional 4,216 shares during the last quarter. GAMMA Investing LLC boosted its position 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 purchasing an additional 5,848 shares during the last quarter. Wealthstream Advisors Inc. bought a new position in shares of Capitol Federal Financial in the 2nd quarter worth $55,000. EntryPoint Capital LLC bought a new position in shares of Capitol Federal Financial in the 1st quarter worth $62,000. Finally, CWM LLC boosted its position 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 worth $65,000 after purchasing an additional 9,922 shares during the last quarter. 88.51% of the stock is currently owned by 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.