Capitol Federal Financial (NASDAQ:CFFN) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Capitol Federal Financial (NASDAQ:CFFN) released its quarterly earnings results on Wednesday. The savings and loans company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04), Zacks reports. The company had revenue of $99.70 million for the quarter, compared to analysts’ expectations of $47.23 million. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. During the same quarter last year, the company earned $0.06 EPS.

Capitol Federal Financial Price Performance

Shares of CFFN stock traded up $0.21 during mid-day trading on Friday, reaching $6.48. The stock had a trading volume of 1,522,661 shares, compared to its average volume of 977,748. Capitol Federal Financial has a 12-month low of $4.22 and a 12-month high of $6.87. The company has a market cap of $866.59 million, a P/E ratio of -6.89 and a beta of 0.50. The business has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $5.61. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.25.

Capitol Federal Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Thursday, August 1st. Capitol Federal Financial’s dividend payout ratio is currently -36.17%.

Insider Activity

In related news, Director Jeffrey M. Johnson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $5.12 per share, with a total value of $51,200.00. Following the completion of the purchase, the director now directly owns 97,900 shares in the company, valued at $501,248. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.