Capitol Federal Financial (NASDAQ:CFFN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Capitol Federal Financial (NASDAQ:CFFN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.20 and traded as high as $7.86. Capitol Federal Financial shares last traded at $7.62, with a volume of 762,342 shares changing hands.

Analyst Ratings Changes

CFFN has been the subject of a number of research analyst reports. Piper Sandler increased their target price on Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings upgraded Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.00.

Capitol Federal Financial Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $965.99 million, a price-to-earnings ratio of 12.70 and a beta of 0.69. The stock’s 50 day moving average price is $7.59 and its two-hundred day moving average price is $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $56.97 million. Analysts anticipate that Capitol Federal Financial will post 0.71 EPS for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid 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 dividend yield of 4.5%. Capitol Federal Financial’s dividend payout ratio is 56.67%.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of 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 worth $31,000 after acquiring an additional 2,062 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Capitol Federal Financial by 474.6% in the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock worth $35,000 after acquiring an additional 4,760 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Capitol Federal Financial by 180.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock worth $52,000 after acquiring an additional 5,470 shares during the last quarter. Strs Ohio acquired a new position in shares of Capitol Federal Financial in the first quarter worth $59,000. Finally, Qube Research & Technologies Ltd acquired a new position 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.