Capitol Federal Financial (NASDAQ:CFFN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?
by Jessica Moore · The Cerbat GemCapitol Federal Financial (NASDAQ:CFFN – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.84 and traded as high as $7.66. Capitol Federal Financial shares last traded at $7.63, with a volume of 597,725 shares traded.
Analysts Set New Price Targets
CFFN has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their target price on Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Capitol Federal Financial in a report on Friday, March 27th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.25.
Read Our Latest Stock Report on Capitol Federal Financial
Capitol Federal Financial Trading Down 0.6%
The stock has a market capitalization of $983.54 million, a PE ratio of 13.53 and a beta of 0.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.76. The business’s 50-day moving average is $7.30 and its two-hundred day moving average is $6.85.
Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $56.02 million. On average, analysts predict that Capitol Federal Financial will post 0.46 earnings per share for the current year.
Capitol Federal Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a dividend of $0.085 per share. 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 annualized dividend and a yield of 4.5%. Capitol Federal Financial’s dividend payout ratio is presently 60.71%.
Institutional Trading of Capitol Federal Financial
Several large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Capitol Federal Financial by 72.0% during the third 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 shares of Capitol Federal Financial by 474.6% in the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 4,760 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Capitol Federal Financial by 180.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company’s stock valued at $52,000 after purchasing an additional 5,470 shares in the last quarter. Strs Ohio acquired a new stake in Capitol Federal Financial during the 1st quarter valued at $59,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Capitol Federal Financial during the 2nd quarter worth $64,000. Institutional investors and hedge funds own 88.51% of the company’s stock.
Capitol Federal Financial Company Profile
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.