Short Interest in Capitol Federal Financial, Inc. (NASDAQ:CFFN) Drops 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 currently 4.6 days. Currently, 3.2% of the shares of the stock are sold short.

Capitol Federal Financial Stock Up 0.3 %

CFFN traded up $0.02 on Wednesday, reaching $5.94. The company’s stock had a trading volume of 734,471 shares, compared to its average volume of 862,772. The stock has a 50 day moving average of $5.95 and a two-hundred day moving average of $5.56. 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 $794.37 million, a price-to-earnings ratio of -6.28 and a beta of 0.49. Capitol Federal Financial has a fifty-two week low of $4.22 and a fifty-two week high of $6.82.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $99.70 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.06 earnings per share. As a group, analysts forecast that Capitol Federal Financial will post 0.35 EPS for the current fiscal year.

Capitol Federal Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Thursday, August 1st. Capitol Federal Financial’s dividend payout ratio is presently -36.17%.

Wall Street Analyst Weigh In

CFFN has been the topic of several recent research reports. StockNews.com upgraded shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Capitol Federal Financial from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, Piper Sandler boosted their price objective on shares of Capitol Federal Financial from $5.50 to $7.00 and gave the company a “neutral” rating in a report on Thursday, July 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CFFN. Renaissance Technologies LLC increased its position in shares of Capitol Federal Financial by 4.9% in the second quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock valued at $23,827,000 after buying an additional 203,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Capitol Federal Financial by 8.4% in the 4th 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 buying an additional 150,482 shares during the last quarter. AQR Capital Management LLC boosted its stake in Capitol Federal Financial by 59.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock worth $8,207,000 after buying an additional 560,103 shares during the last quarter. Millennium Management LLC boosted its stake in Capitol Federal Financial by 28.1% in the 2nd quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company’s stock worth $4,566,000 after buying an additional 182,683 shares during the last quarter. Finally, Azora Capital LP acquired a new stake in Capitol Federal Financial in the 4th quarter worth about $5,054,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

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.