Capitol Federal Financial, Inc. (NASDAQ:CFFN – Get Free Report)’s share price rose 2.8% on Wednesday following a dividend announcement from the company. The stock traded as high as $4.42 and last traded at $4.36. Approximately 76,263 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 888,809 shares. The stock had previously closed at $4.24.
The newly announced dividend which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 7.59%. Capitol Federal Financial’s dividend payout ratio is currently 79.07%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on CFFN. StockNews.com raised Capitol Federal Financial to a “sell” rating in a report on Wednesday, October 18th. TheStreet cut Capitol Federal Financial from a “c” rating to a “d+” rating in a research note on Monday, October 16th.
Capitol Federal Financial Trading Up 5.7 %
The company has a market cap of $610.13 million, a price-to-earnings ratio of 10.42 and a beta of 0.44. The firm has a 50 day moving average price of $5.13 and a two-hundred day moving average price of $5.86. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.81.
Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) last released its earnings results on Wednesday, July 26th. The savings and loans company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Capitol Federal Financial had a return on equity of 5.44% and a net margin of 15.44%. The business had revenue of $40.56 million during the quarter, compared to analysts’ expectations of $43.13 million. As a group, equities analysts forecast that Capitol Federal Financial, Inc. will post 0.32 earnings per share for the current year.
Insider Buying and Selling
In other Capitol Federal Financial news, Director Jeffrey M. Johnson bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was acquired at an average price of $5.02 per share, with a total value of $30,120.00. Following the completion of the purchase, the director now directly owns 80,900 shares of the company’s stock, valued at approximately $406,118. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.
Institutional Trading of Capitol Federal Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of CFFN. Raymond James Financial Services Advisors Inc. raised its holdings in Capitol Federal Financial by 107.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,770 shares of the savings and loans company’s stock worth $161,000 after buying an additional 17,455 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Capitol Federal Financial by 10.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 82,149 shares of the savings and loans company’s stock worth $392,000 after buying an additional 7,958 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Capitol Federal Financial by 25.0% during the third quarter. Commonwealth Equity Services LLC now owns 71,027 shares of the savings and loans company’s stock worth $339,000 after buying an additional 14,184 shares during the last quarter. SG Americas Securities LLC acquired a new position in Capitol Federal Financial during the third quarter worth $51,000. Finally, AE Wealth Management LLC raised its holdings in Capitol Federal Financial by 222.3% during the third quarter. AE Wealth Management LLC now owns 48,657 shares of the savings and loans company’s stock worth $232,000 after buying an additional 33,562 shares during the last quarter. Institutional investors own 78.25% of the company’s stock.
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 deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.
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