Capitol Federal Financial (NASDAQ:CFFN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.11 and traded as high as $7.80. Capitol Federal Financial shares last traded at $7.79, with a volume of 718,751 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on CFFN. Weiss Ratings upgraded Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods boosted their price target on Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Finally, Piper Sandler boosted their price target on Capitol Federal Financial from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.00.

Capitol Federal Financial Price Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.66. The stock has a market cap of $982.47 million, a PE ratio of 12.92 and a beta of 0.70. The company has a fifty day moving average of $7.46 and a 200-day moving average of $7.11.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data 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). The firm had revenue of $57.73 million during the quarter, compared to analysts’ expectations of $56.97 million. Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%. Sell-side analysts expect that Capitol Federal Financial will post 0.71 EPS for the current fiscal year.

Capitol Federal Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.085 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.34 dividend on an annualized basis and a yield of 4.4%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 56.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of Capitol Federal Financial by 72.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after acquiring an additional 2,062 shares during the last quarter. Osaic Holdings Inc. grew its stake in Capitol Federal Financial by 474.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after buying an additional 4,760 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Capitol Federal Financial by 180.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after buying an additional 5,470 shares during the last quarter. Strs Ohio purchased a new position in Capitol Federal Financial during the 1st quarter worth approximately $59,000. Finally, Qube Research & Technologies Ltd purchased a new position in Capitol Federal Financial during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Company Profile

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.