Capitol Federal Financial (NASDAQ:CFFN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Capitol Federal Financial (NASDAQ:CFFN)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.48 and traded as high as $8.46. Capitol Federal Financial shares last traded at $8.21, with a volume of 787,273 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Benchmark initiated coverage on shares of Capitol Federal Financial in a report on Wednesday. They set a “buy” rating on the stock. Finally, Piper Sandler upped their price target on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.00.

Capitol Federal Financial Trading Down 1.9%

The company has a debt-to-equity ratio of 1.66, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50-day moving average is $7.98 and its two-hundred day moving average is $7.48. The firm has a market cap of $1.04 billion, a P/E ratio of 13.68 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Capitol Federal Financial had a return on equity of 7.46% and a net margin of 17.80%.The company had revenue of $57.73 million for the quarter, compared to the consensus estimate of $56.97 million. As a group, analysts predict that Capitol Federal Financial will post 0.71 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.1%. Capitol Federal Financial’s payout ratio is presently 56.67%.

Institutional Trading of Capitol Federal Financial

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Capitol Federal Financial by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company’s stock worth $86,424,000 after acquiring an additional 442,592 shares during the period. Dimensional Fund Advisors LP grew its stake in Capitol Federal Financial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company’s stock worth $48,413,000 after buying an additional 263,238 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Capitol Federal Financial by 13.2% during the 4th quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock worth $26,153,000 after acquiring an additional 447,342 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Capitol Federal Financial by 10.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock valued at $23,273,000 after purchasing an additional 309,342 shares during the last quarter. Finally, Invesco Ltd. grew its position in Capitol Federal Financial by 4.8% in the third quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company’s stock valued at $15,378,000 after acquiring an additional 110,022 shares during the last quarter. 88.51% of the stock is owned by institutional investors and hedge funds.

About Capitol Federal Financial

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.