Capitol Federal Financial (NASDAQ:CFFN) Shares Gap Down After Earnings Miss

Capitol Federal Financial, Inc. (NASDAQ:CFFN) gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $6.75, but opened at $6.15. Capitol Federal Financial shares last traded at $6.67, with a volume of 118,090 shares traded.

The savings and loans company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $99.70 million for the quarter, compared to analyst estimates of $47.23 million. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. During the same period in the previous year, the firm posted $0.06 earnings per share.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Thursday, August 1st. Capitol Federal Financial’s dividend payout ratio is -36.17%.

Analyst Ratings Changes

CFFN has been the topic of a number of recent analyst reports. Piper Sandler boosted 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. StockNews.com raised Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods upped their price target on Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday.

Insider Buying and Selling

In other news, Director Jeffrey M. Johnson purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average cost of $5.12 per share, with a total value of $51,200.00. Following the purchase, the director now owns 97,900 shares in the company, valued at $501,248. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capitol Federal Financial

Several institutional investors have recently modified their holdings of the business. CWM LLC grew its holdings in shares of Capitol Federal Financial by 533.2% in the second 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 in the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 5,848 shares during the period. Tidal Investments LLC bought a new position in Capitol Federal Financial during the first quarter valued at $609,000. EntryPoint Capital LLC bought a new position in Capitol Federal Financial during the first quarter valued at $62,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Capitol Federal Financial by 8.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 122,310 shares of the savings and loans company’s stock valued at $726,000 after purchasing an additional 9,848 shares during the period. 88.51% of the stock is owned by institutional investors.

Capitol Federal Financial Price Performance

The firm has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $5.60. 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 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.