Capitol Federal Financial (NASDAQ:CFFN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Capitol Federal Financial (NASDAQ:CFFN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.74 and traded as high as $7.01. Capitol Federal Financial shares last traded at $6.94, with a volume of 1,214,789 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on CFFN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods lifted 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. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Capitol Federal Financial has an average rating of “Hold” and an average target price of $7.25.

Capitol Federal Financial Stock Performance

The company has a market cap of $908.88 million, a price-to-earnings ratio of 12.50 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a fifty day simple moving average of $7.18 and a 200 day simple moving average of $6.74.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings data on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. The business had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $56.02 million. On average, sell-side analysts expect that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 4.9%. This is a positive change from Capitol Federal Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, February 6th. Capitol Federal Financial’s dividend payout ratio is currently 60.71%.

Hedge Funds Weigh In On Capitol Federal Financial

A number of institutional investors have recently made changes to their positions in CFFN. Mercer Global Advisors Inc. ADV boosted its stake in Capitol Federal Financial by 40.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 77,707 shares of the savings and loans company’s stock valued at $529,000 after purchasing an additional 22,388 shares during the period. EP Wealth Advisors LLC bought a new position in Capitol Federal Financial in the 4th quarter worth approximately $103,000. VARCOV Co. acquired a new position in shares of Capitol Federal Financial during the fourth quarter worth approximately $587,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Capitol Federal Financial during the fourth quarter worth approximately $1,170,000. Finally, Occudo Quantitative Strategies LP bought a new stake in Capitol Federal Financial in the 4th quarter valued at $76,000. 88.51% of the stock is currently owned by institutional investors.

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.