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

Capitol Federal Financial (NASDAQ:CFFN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.53 and traded as high as $7.61. Capitol Federal Financial shares last traded at $7.54, with a volume of 752,209 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Piper Sandler started coverage on shares of Capitol Federal Financial in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $7.00 price target for the company. Zacks Research upgraded Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.25.

Capitol Federal Financial Price Performance

The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.26 and a current ratio of 1.24. The company has a market capitalization of $978.99 million, a P/E ratio of 13.46 and a beta of 0.69. The firm’s fifty day moving average is $6.99 and its 200 day moving average is $6.53.

Capitol Federal Financial (NASDAQ:CFFN) last announced its earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $56.80 million during the quarter, compared to analyst estimates of $56.02 million. Capitol Federal Financial had a return on equity of 6.99% and a net margin of 16.98%. As a group, analysts predict that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, February 6th. This is an increase from Capitol Federal Financial’s previous quarterly dividend of $0.04. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 60.71%.

Institutional Trading of Capitol Federal Financial

Several institutional investors and hedge funds have recently made changes to their positions in CFFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Capitol Federal Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock worth $412,000 after purchasing an additional 3,036 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Capitol Federal Financial in the 1st quarter valued at about $119,000. Caxton Associates LLP bought a new position in Capitol Federal Financial in the 1st quarter worth about $315,000. Jane Street Group LLC grew its stake in Capitol Federal Financial by 18.4% in the 1st quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock worth $1,173,000 after acquiring an additional 32,523 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Capitol Federal Financial during the first quarter worth approximately $59,000. 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.