Capitol Federal Financial (NASDAQ:CFFN) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical breakout: Capitol Federal's shares traded as high as $7.14 and last at $7.10, moving above its 200-day moving average of $6.76 on volume of 655,467 shares.
• Dividend increase: The company raised its quarterly dividend to $0.085 from $0.04 (paid Feb. 20), which annualizes to $0.34 and yields about 4.8% with a payout ratio near 60.7%.
• Earnings and analyst stance: Capitol Federal reported Q4 EPS of $0.16, beating estimates by $0.01 and slightly topping revenue expectations; analysts maintain a consensus Hold rating with an average target of $7.25 (Keefe, Bruyette & Woods raised its target to $7.50).

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.76 and traded as high as $7.14. Capitol Federal Financial shares last traded at $7.10, with a volume of 655,467 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target 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 reissued a "hold (c)" rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $7.25.

Capitol Federal Financial Trading Down 0.4%

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 business has a 50-day simple moving average of $7.22 and a 200-day simple moving average of $6.76. The company has a market cap of $921.86 million, a PE ratio of 12.68 and a beta of 0.68.

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

Capitol Federal Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a dividend of $0.085 per share. This is a positive change from Capitol Federal Financial's previous quarterly dividend of $0.04. The ex-dividend date was Friday, February 6th. This represents a $0.34 dividend on an annualized basis and a yield of 4.8%. Capitol Federal Financial's dividend payout ratio (DPR) is 60.71%.

Institutional Trading of Capitol Federal Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Capitol Federal Financial by 72.0% in 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. increased its stake in Capitol Federal Financial by 474.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company's stock worth $35,000 after buying an additional 4,760 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 worth $52,000 after buying an additional 5,470 shares during the period. Wealthstream Advisors Inc. acquired a new stake in Capitol Federal Financial during the 3rd quarter worth approximately $65,000. Finally, Sanctuary Advisors LLC acquired a new stake in Capitol Federal Financial during the 4th quarter worth approximately $71,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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