Capitol Federal Financial (NASDAQ:CFFN) Stock Passes Above 200 Day Moving Average – Here’s Why

Capitol Federal Financial (NASDAQ:CFFN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.35 and traded as high as $8.25. Capitol Federal Financial shares last traded at $8.19, with a volume of 775,274 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on CFFN. Piper Sandler lifted their target price on shares of Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.00.

Capitol Federal Financial Trading Up 1.2%

The company has a fifty day simple moving average of $7.81 and a two-hundred day simple moving average of $7.36. The company has a market capitalization of $1.06 billion, a P/E ratio of 13.98 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.21 and a quick ratio of 1.21.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company 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%. On average, 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 announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, May 1st. Capitol Federal Financial’s payout ratio is 56.67%.

Hedge Funds Weigh In On Capitol Federal Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of Capitol Federal Financial by 7.7% during the third quarter. American Century Companies Inc. now owns 3,492,927 shares of the savings and loans company’s stock worth $22,180,000 after buying an additional 249,231 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of Capitol Federal Financial by 657.7% in the third quarter. Focus Partners Advisor Solutions LLC now owns 82,843 shares of the savings and loans company’s stock valued at $524,000 after acquiring an additional 71,910 shares during the period. Vanguard Group Inc. grew its stake in shares of Capitol Federal Financial by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company’s stock worth $86,424,000 after acquiring an additional 442,592 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of Capitol Federal Financial by 10.4% in the third quarter. Rafferty Asset Management LLC now owns 132,281 shares of the savings and loans company’s stock worth $840,000 after acquiring an additional 12,451 shares during the last quarter. Finally, Journey Strategic Wealth LLC grew its stake in shares of Capitol Federal Financial by 37.9% in the third quarter. Journey Strategic Wealth LLC now owns 14,931 shares of the savings and loans company’s stock worth $95,000 after acquiring an additional 4,105 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

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.