Capitol Federal Financial (NASDAQ:CFFN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN)’s stock price passed 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 changing hands.

Analyst Ratings Changes

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

Capitol Federal Financial Stock Performance

The company has a market capitalization of $987.54 million, a P/E ratio of 12.98 and a beta of 0.70. 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 company has a fifty day moving average price of $7.45 and a two-hundred day moving average price of $7.11.

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

Capitol Federal Financial Dividend Announcement

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

Hedge Funds Weigh In On Capitol Federal Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CFFN. Smartleaf Asset Management LLC lifted its stake in Capitol Federal Financial by 72.0% in the third quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after buying an additional 2,062 shares during the period. Osaic Holdings Inc. raised its position in shares of Capitol Federal Financial by 474.6% during the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 4,760 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Capitol Federal Financial by 180.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after purchasing an additional 5,470 shares during the period. Strs Ohio bought a new stake in Capitol Federal Financial during the first quarter worth $59,000. Finally, Qube Research & Technologies Ltd bought a new stake in Capitol Federal Financial during the second quarter worth $64,000. 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.