Short Interest in Capitol Federal Financial, Inc. (NASDAQ:CFFN) Grows By 7.3%

Capitol Federal Financial, Inc. (NASDAQ:CFFN) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 5,280,000 shares, an increase of 7.3% from the May 31st total of 4,920,000 shares. Based on an average trading volume of 805,500 shares, the short-interest ratio is currently 6.6 days. Approximately 4.3% of the company’s stock are sold short.

Analysts Set New Price Targets

Several brokerages recently weighed in on CFFN. StockNews.com raised Capitol Federal Financial from a “sell” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $6.00 price objective (down previously from $7.00) on shares of Capitol Federal Financial in a report on Thursday, April 25th. Finally, Piper Sandler decreased their price objective on Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, April 25th.

Capitol Federal Financial Price Performance

CFFN stock traded down $0.18 during mid-day trading on Wednesday, reaching $5.41. 315,254 shares of the company traded hands, compared to its average volume of 882,825. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $723.50 million, a P/E ratio of -5.76 and a beta of 0.50. Capitol Federal Financial has a 52-week low of $4.22 and a 52-week high of $6.88. The company has a fifty day moving average price of $5.18 and a 200-day moving average price of $5.66.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, April 24th. The savings and loans company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $45.96 million during the quarter, compared to analyst estimates of $47.23 million. Capitol Federal Financial had a positive return on equity of 3.85% and a negative net margin of 33.99%. As a group, analysts anticipate that Capitol Federal Financial will post 0.42 earnings per share for the current year.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Thursday, May 2nd. Capitol Federal Financial’s payout ratio is -36.17%.

Insider Buying and Selling at Capitol Federal Financial

In other Capitol Federal Financial news, Director Jeffrey M. Johnson bought 10,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were bought at an average cost of $5.12 per share, for a total transaction of $51,200.00. Following the purchase, the director now directly owns 97,900 shares of the company’s stock, valued at approximately $501,248. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of 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 worth $53,000 after purchasing an additional 5,848 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Capitol Federal Financial during the first quarter worth about $609,000. EntryPoint Capital LLC purchased a new position in shares of Capitol Federal Financial during the first quarter worth about $62,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of 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 worth $726,000 after purchasing an additional 9,848 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Capitol Federal Financial by 23.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 102,093 shares of the savings and loans company’s stock worth $608,000 after purchasing an additional 19,076 shares in the last quarter. 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.