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

Capitol Federal Financial (NASDAQ:CFFN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.69 and traded as high as $7.30. Capitol Federal Financial shares last traded at $7.23, with a volume of 679,524 shares changing hands.

Wall Street Analysts Forecast Growth

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

Capitol Federal Financial Trading Up 0.1%

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $7.14 and a 200-day moving average price of $6.69. The company has a market capitalization of $938.74 million, a price-to-earnings ratio of 12.91 and a beta of 0.68.

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

Capitol Federal Financial Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in Capitol Federal Financial by 36.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,926,820 shares of the savings and loans company’s stock valued at $17,854,000 after acquiring an additional 785,339 shares in the last quarter. HoldCo Asset Management LP acquired a new stake in shares of Capitol Federal Financial during the 2nd quarter worth approximately $39,443,000. Wedge Capital Management L L P NC bought a new stake in shares of Capitol Federal Financial during the third quarter valued at approximately $878,000. Fourthstone LLC acquired a new position in shares of Capitol Federal Financial in the second quarter valued at $1,210,000. Finally, CSM Advisors LLC acquired a new position in shares of Capitol Federal Financial in the second quarter valued at $4,373,000. Institutional investors own 88.51% of the company’s stock.

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.