Short Interest in Capitol Federal Financial, Inc. (NASDAQ:CFFN) Decreases By 9.0%

Capitol Federal Financial, Inc. (NASDAQ:CFFN) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 3,930,000 shares, a decline of 9.0% from the August 15th total of 4,320,000 shares. Based on an average daily volume of 860,300 shares, the days-to-cover ratio is presently 4.6 days. Currently, 3.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler lifted their price objective on Capitol Federal Financial from $5.50 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price objective on Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

Institutional Investors Weigh In On Capitol Federal Financial

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Capitol Federal Financial by 14.8% during the 4th quarter. Victory Capital Management Inc. now owns 44,995 shares of the savings and loans company’s stock valued at $290,000 after purchasing an additional 5,789 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Capitol Federal Financial by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,943,860 shares of the savings and loans company’s stock worth $12,538,000 after purchasing an additional 150,482 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Capitol Federal Financial by 71.2% in the fourth quarter. BNP Paribas Financial Markets now owns 57,973 shares of the savings and loans company’s stock worth $374,000 after purchasing an additional 24,104 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Capitol Federal Financial during the fourth quarter valued at about $86,000. Finally, Panagora Asset Management Inc. bought a new position in Capitol Federal Financial during the fourth quarter valued at about $1,922,000. 88.51% of the stock is currently owned by institutional investors.

Capitol Federal Financial Stock Performance

Shares of NASDAQ CFFN traded up $0.02 during trading on Wednesday, reaching $5.94. The stock had a trading volume of 734,471 shares, compared to its average volume of 862,772. Capitol Federal Financial has a one year low of $4.22 and a one year high of $6.82. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $794.37 million, a PE ratio of -6.28 and a beta of 0.49. The firm’s 50 day moving average price is $5.95 and its two-hundred day moving average price is $5.56.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $47.23 million. During the same quarter last year, the firm posted $0.06 earnings per share. On average, research analysts forecast that Capitol Federal Financial will post 0.35 earnings per share for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a $0.085 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.72%. Capitol Federal Financial’s dividend payout ratio (DPR) is -36.17%.

About Capitol Federal Financial

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.