Capitol Federal Financial (NASDAQ:CFFN) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Capitol Federal Financial shares moved above their 200-day moving average, reaching $8.95 before closing at $8.83 on trading volume of about 1.23 million shares.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $9.25; individual targets reached $10.00.
• The company exceeded quarterly earnings expectations, reporting EPS of $0.19 versus $0.17 expected, while maintaining a quarterly dividend of $0.085 per share, equivalent to a 3.9% annualized yield.

Shares of Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.08 and traded as high as $8.95. Capitol Federal Financial shares last traded at $8.83, with a volume of 1,226,321 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark began coverage on shares of Capitol Federal Financial in a report on Wednesday, July 8th. They set a "buy" rating and a $10.00 price target on the stock. New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a research report on Thursday, July 9th. Weiss Ratings upgraded Capitol Federal Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, September 14th. Finally, Piper Sandler upped their target price on Capitol Federal Financial from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Capitol Federal Financial has an average rating of "Moderate Buy" and an average target price of $9.25.

Capitol Federal Financial Trading Down 0.2%

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a fifty day simple moving average of $8.75 and a two-hundred day simple moving average of $8.08. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.58 and a beta of 0.68.

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

Capitol Federal Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a yield of 3.9%. Capitol Federal Financial's payout ratio is presently 52.31%.

Institutional Trading of Capitol Federal Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in Capitol Federal Financial by 1.7% during the first quarter. Quantinno Capital Management LP now owns 113,184 shares of the savings and loans company's stock valued at $807,000 after buying an additional 1,894 shares during the period. Midwest Trust Co increased its holdings in shares of Capitol Federal Financial by 9.9% in the first quarter. Midwest Trust Co now owns 21,539 shares of the savings and loans company's stock worth $154,000 after buying an additional 1,936 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Capitol Federal Financial by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company's stock valued at $236,000 after acquiring an additional 1,952 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Capitol Federal Financial by 30.8% in the 2nd quarter. GAMMA Investing LLC now owns 11,595 shares of the savings and loans company's stock valued at $99,000 after acquiring an additional 2,733 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Capitol Federal Financial during the 2nd quarter valued at about $25,000. 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 the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The company provides banking and financial services primarily to individuals, families and businesses through its branch network and digital banking channels.

Capitol Federal Savings Bank's principal activities include accepting deposits and originating loans. Its lending products include residential mortgage and home equity loans, commercial real estate and commercial business loans, and consumer loans.

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