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

Capitol Federal Financial (NASDAQ:CFFN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.98 and traded as high as $6.19. Capitol Federal Financial shares last traded at $6.16, with a volume of 735,676 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Capitol Federal Financial in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Capitol Federal Financial currently has a consensus rating of “Hold” and an average price target of $6.50.

Capitol Federal Financial Trading Up 2.2%

The firm has a market capitalization of $818.19 million, a price-to-earnings ratio of 13.11 and a beta of 0.64. The firm’s 50 day moving average is $6.32 and its 200 day moving average is $5.98. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.98.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Capitol Federal Financial had a net margin of 14.87% and a return on equity of 5.92%. The business had revenue of $50.75 million for the quarter, compared to analyst estimates of $50.51 million. Equities analysts forecast that Capitol Federal Financial will post 0.46 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, August 1st. Capitol Federal Financial’s payout ratio is currently 72.34%.

Institutional Trading of Capitol Federal Financial

A number of hedge funds have recently bought and sold shares of CFFN. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Capitol Federal Financial during the 2nd quarter worth about $48,165,000. HoldCo Asset Management LP acquired a new stake in shares of Capitol Federal Financial during the 2nd quarter worth about $39,443,000. Nuveen LLC acquired a new stake in shares of Capitol Federal Financial during the 1st quarter worth about $12,763,000. Arrowstreet Capital Limited Partnership increased its position in shares of Capitol Federal Financial by 36.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,926,820 shares of the savings and loans company’s stock worth $17,854,000 after purchasing an additional 785,339 shares in the last quarter. Finally, CSM Advisors LLC acquired a new stake in shares of Capitol Federal Financial during the 2nd quarter worth about $4,373,000. 88.51% of the stock is owned by institutional investors.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.