Capitol Federal Financial (NASDAQ:CFFN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Capitol Federal Financial (NASDAQ:CFFNGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.48 and traded as high as $8.46. Capitol Federal Financial shares last traded at $8.21, with a volume of 787,273 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CFFN shares. Benchmark started coverage on Capitol Federal Financial in a research report on Wednesday. They issued a “buy” rating and a $10.00 target price on the stock. Weiss Ratings upgraded Capitol Federal Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Piper Sandler boosted their price target on Capitol Federal Financial from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, New Street Research set a $10.00 price objective on Capitol Federal Financial in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Capitol Federal Financial presently has a consensus rating of “Hold” and a consensus price target of $9.00.

View Our Latest Analysis on Capitol Federal Financial

Capitol Federal Financial Price Performance

The stock has a market capitalization of $1.08 billion, a P/E ratio of 14.17 and a beta of 0.68. The stock’s fifty day moving average is $8.01 and its 200-day moving average is $7.49. 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:CFFNGet Free Report) last posted its earnings results on Wednesday, April 29th. The savings and loans company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Capitol Federal Financial had a net margin of 17.80% and a return on equity of 7.46%. The company had revenue of $57.73 million for the quarter, compared to the consensus estimate of $56.97 million. On average, equities analysts anticipate that Capitol Federal Financial will post 0.71 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

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 4.0%. 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 CFFN. Millennium Management LLC raised its position in shares of Capitol Federal Financial by 384.4% in the third quarter. Millennium Management LLC now owns 1,122,725 shares of the savings and loans company’s stock valued at $7,129,000 after purchasing an additional 890,959 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Capitol Federal Financial by 39.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,418,765 shares of the savings and loans company’s stock worth $14,754,000 after buying an additional 688,130 shares during the period. Towle & Co. acquired a new position in Capitol Federal Financial in the 1st quarter valued at $3,396,000. Invesco Ltd. grew its stake in Capitol Federal Financial by 25.5% in the 2nd quarter. Invesco Ltd. now owns 2,311,690 shares of the savings and loans company’s stock valued at $14,101,000 after buying an additional 469,641 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Capitol Federal Financial by 3.6% in the 4th 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 period. Institutional investors and hedge funds own 88.51% of the company’s stock.

About Capitol Federal Financial

(Get Free Report)

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.

See Also

Receive News & Ratings for Capitol Federal Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitol Federal Financial and related companies with MarketBeat.com's FREE daily email newsletter.