Capitol Federal Financial (NASDAQ:CFFN) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Capitol Federal Financial (NASDAQ:CFFN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.64 and traded as high as $7.32. Capitol Federal Financial shares last traded at $7.30, with a volume of 724,537 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on CFFN. Weiss Ratings reissued a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Zacks Research upgraded shares of Capitol Federal Financial to a “hold” rating in a research report on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Capitol Federal Financial currently has an average rating of “Hold” and a consensus target price of $7.25.

Capitol Federal Financial Price Performance

The business has a fifty day moving average price of $7.12 and a 200 day moving average price of $6.64. 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 company has a market capitalization of $947.83 million, a price-to-earnings ratio of 13.04 and a beta of 0.69.

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 analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $56.80 million during the quarter, compared to analyst estimates of $56.02 million. Capitol Federal Financial had a net margin of 16.98% and a return on equity of 6.99%. On average, research analysts expect that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a dividend of $0.085 per share. This is a boost from Capitol Federal Financial’s previous quarterly dividend of $0.04. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, February 6th. Capitol Federal Financial’s dividend payout ratio (DPR) is 60.71%.

Institutional Investors Weigh In On Capitol Federal Financial

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Capitol Federal Financial by 72.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after purchasing an additional 2,062 shares during the period. Osaic Holdings Inc. boosted its stake in Capitol Federal Financial by 474.6% during the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock valued at $35,000 after buying an additional 4,760 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Capitol Federal Financial by 450.4% during the second quarter. Hantz Financial Services Inc. now owns 7,403 shares of the savings and loans company’s stock valued at $45,000 after buying an additional 6,058 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Capitol Federal Financial by 180.5% during 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 period. Finally, Wealthstream Advisors Inc. bought a new stake in Capitol Federal Financial in the third quarter worth about $65,000. 88.51% of the stock is currently 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.