Capitol Federal Financial (NASDAQ:CFFN) Shares Gap Down – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN) gapped down prior to trading on Wednesday . The stock had previously closed at $8.78, but opened at $8.24. Capitol Federal Financial shares last traded at $8.6950, with a volume of 104,203 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Benchmark began coverage on shares of Capitol Federal Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $10.00 price target for the company. New Street Research set a $10.00 price objective on Capitol Federal Financial in a research note on Thursday, July 9th. Weiss Ratings upgraded Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Piper Sandler boosted their target price on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Capitol Federal Financial has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Capitol Federal Financial Trading Down 0.2%

The company’s fifty day moving average is $8.23 and its two-hundred day moving average is $7.64. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 14.61 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.66.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%.

Capitol Federal Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 7th. Capitol Federal Financial’s payout ratio is 56.67%.

Hedge Funds Weigh In On Capitol Federal Financial

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in Capitol Federal Financial by 474.6% in the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock valued at $35,000 after buying an additional 4,760 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Capitol Federal Financial by 180.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after acquiring an additional 5,470 shares in the last quarter. Strs Ohio acquired a new position in shares of Capitol Federal Financial during the 1st quarter worth about $59,000. Qube Research & Technologies Ltd purchased a new position in shares of Capitol Federal Financial in the 2nd quarter valued at about $64,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Capitol Federal Financial during the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.