Capitol Federal Financial (NASDAQ:CFFN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Capitol Federal Financial (NASDAQ:CFFN) posted its quarterly earnings data on Wednesday. The savings and loans company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02, Yahoo Finance reports. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. The business had revenue of $101.65 million for the quarter, compared to analyst estimates of $45.40 million. During the same period in the previous year, the company posted $0.04 earnings per share.

Capitol Federal Financial Stock Performance

CFFN traded down $0.19 during trading on Friday, reaching $6.51. 1,097,582 shares of the company’s stock were exchanged, compared to its average volume of 856,940. The company has a market capitalization of $870.60 million, a P/E ratio of -6.93 and a beta of 0.49. 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 business has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.60. Capitol Federal Financial has a fifty-two week low of $4.53 and a fifty-two week high of $6.82.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.22%. Capitol Federal Financial’s payout ratio is -36.17%.

Wall Street Analyst Weigh In

Several brokerages have commented on CFFN. Piper Sandler lifted their price target on Capitol Federal Financial from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com upgraded shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, July 25th.

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.