Capitol Federal Financial (NASDAQ:CFFN) Shares Cross Above 200-Day Moving Average – Time to Sell?

Capitol Federal Financial (NASDAQ:CFFN)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $8.18 and traded as high as $8.63. Capitol Federal Financial shares last traded at $8.55, with a volume of 989,853 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on CFFN shares. Piper Sandler increased their price objective on Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings raised Capitol Federal Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 14th. New Street Research set a $10.00 price objective on Capitol Federal Financial in a report on Thursday, July 9th. Finally, Benchmark initiated coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Capitol Federal Financial Stock Performance

The business has a 50 day moving average of $8.73 and a 200-day moving average of $8.19. The company has a market capitalization of $1.06 billion, a P/E ratio of 12.95 and a beta of 0.70. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.20 and a current ratio of 1.20.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.The business had revenue of $60.15 million during the quarter, compared to analyst estimates of $58.65 million.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.0850 per share. This represents a $0.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 7th. Capitol Federal Financial’s dividend payout ratio is 52.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CFFN. Public Employees Retirement System of Ohio purchased a new stake in shares of Capitol Federal Financial in the second quarter worth $25,000. Allworth Financial LP bought a new position in Capitol Federal Financial in the 2nd quarter worth about $37,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Capitol Federal Financial in the 2nd quarter valued at about $89,000. Sanctuary Advisors LLC purchased a new stake in shares of Capitol Federal Financial in the 2nd quarter valued at about $92,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Capitol Federal Financial during the 2nd quarter valued at about $94,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The bank operates primarily as a community-focused financial institution serving individuals, families, businesses and organizations in Kansas and Missouri.

Capitol Federal Savings Bank’s main business activities include gathering deposits and originating residential mortgage loans, including home purchase and refinancing loans. It also provides commercial real estate lending, consumer loans and other banking products, along with deposit accounts and related financial services for personal and business customers.

Capitol Federal traces its history to 1893 and has operated for more than a century as a savings institution focused on residential lending and community banking.