Capitol Federal Financial (NASDAQ:CFFN) Share Price Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Capitol Federal Financial shares fell below their 50-day moving average, trading as low as $8.44 versus the $8.54 average and last changing hands at $8.46.
• Analyst sentiment is moderately positive: MarketBeat reports an average “Moderate Buy” rating and a $9.25 average price target; Piper Sandler raised its target to $9.50 while maintaining a Neutral rating.
• The company matched quarterly EPS expectations at $0.18, while revenue of $60.86 million came in slightly below estimates. It declared a quarterly dividend of $0.085 per share, equivalent to a 4.0% annualized yield.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $8.54 and traded as low as $8.44. Capitol Federal Financial shares last traded at $8.46, with a volume of 919,184 shares changing hands.

Analyst Upgrades and Downgrades

CFFN has been the subject of a number of research reports. Weiss Ratings raised shares of Capitol Federal Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, November 2nd. Piper Sandler lifted their price target on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Capitol Federal Financial has an average rating of "Moderate Buy" and an average target price of $9.25.

Capitol Federal Financial Price Performance

The firm has a market cap of $1.06 billion, a PE ratio of 12.26 and a beta of 0.68. The firm's fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $8.06. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The savings and loans company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Capitol Federal Financial had a net margin of 19.39% and a return on equity of 8.39%. The firm had revenue of $60.86 million for the quarter, compared to the consensus estimate of $61.12 million.

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.0850 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.34 dividend on an annualized basis and a yield of 4.0%. Capitol Federal Financial's dividend payout ratio (DPR) is currently 49.28%.

Hedge Funds Weigh In On Capitol Federal Financial

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Capitol Federal Financial during the 2nd quarter valued at approximately $25,000. Allworth Financial LP bought a new stake in shares of Capitol Federal Financial during the second quarter valued at approximately $37,000. OneDigital Investment Advisors LLC purchased a new position in shares of Capitol Federal Financial in the second quarter worth $89,000. Sanctuary Advisors LLC purchased a new position in shares of Capitol Federal Financial in the second quarter worth $92,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Capitol Federal Financial in the second quarter worth $94,000. Institutional investors own 88.51% of the company's stock.

About Capitol Federal Financial

Capitol Federal Financial is the holding company for Capitol Federal Savings Bank, a community bank headquartered in Topeka, Kansas. Founded in 1893, the bank has a long history of serving individuals and businesses in Kansas. The bank offers deposit products such as checking and savings accounts, money market accounts, and certificates of deposit. Its lending services include residential mortgages and home equity loans, as well as selected commercial and consumer lending products. Capitol Federal primarily serves customers through branches and other banking channels across Kansas, including communities in the Topeka, Lawrence, Wichita, and Kansas City areas.

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