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

Capitol Federal Financial (NASDAQ:CFFNGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.85 and traded as high as $8.77. Capitol Federal Financial shares last traded at $8.72, with a volume of 749,353 shares changing hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Capitol Federal Financial in a research report on Friday, August 7th. New Street Research set a $10.00 price target on shares of Capitol Federal Financial in a research report on Thursday, July 9th. Benchmark initiated coverage on shares of Capitol Federal Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Piper Sandler upped their price objective on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.25.

Get Our Latest Analysis on CFFN

Capitol Federal Financial Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60. The company has a fifty day moving average price of $8.55 and a 200 day moving average price of $7.86. The stock has a market cap of $1.08 billion, a PE ratio of 13.22 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFNGet Free Report) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $58.65 million. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.

Capitol Federal Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.085 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.34 annualized dividend and a dividend yield of 4.0%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 52.31%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Capitol Federal Financial in the 2nd quarter worth $152,515,000. Vanguard Group Inc. increased its position 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 valued at $86,424,000 after acquiring an additional 442,592 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Capitol Federal Financial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company’s stock valued at $48,413,000 after acquiring an additional 263,238 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Capitol Federal Financial by 13.2% during the fourth quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company’s stock valued at $26,153,000 after acquiring an additional 447,342 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Capitol Federal Financial by 10.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company’s stock worth $23,273,000 after purchasing an additional 309,342 shares during the period. 88.51% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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