Capitol Federal Financial (NASDAQ:CFFN) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Capitol Federal Financial shares crossed above their 200-day moving average, trading as high as $8.63 and last changing hands at $8.55, versus the $8.18 long-term average.
• Analysts remain broadly positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $9.25; recent targets ranged from $9.50 to $10.00.
• The company exceeded quarterly earnings and revenue expectations and pays an annualized dividend of $0.34 per share, yielding about 4.0%. Institutional investors own approximately 88.5% of outstanding shares.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $8.18 and traded as high as $8.63. Capitol Federal Financial shares last traded at $8.55, with a volume of 989,853 shares trading hands.

Wall Street Analysts Forecast Growth

CFFN has been the subject of several analyst reports. Weiss Ratings upgraded Capitol Federal Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, September 14th. New Street Research set a $10.00 target price on shares of Capitol Federal Financial in a research note on Thursday, July 9th. Benchmark began coverage on shares of Capitol Federal Financial in a research note on Wednesday, July 8th. They set a "buy" rating and a $10.00 price target on the stock. Finally, Piper Sandler lifted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.25.

Capitol Federal Financial Stock Performance

The firm has a market cap of $1.07 billion, a P/E ratio of 13.15 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.60. The firm has a fifty day moving average of $8.73 and a 200-day moving average of $8.18.

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

Capitol Federal Financial Dividend Announcement

The business 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 $0.0850 per share. The ex-dividend date was Friday, August 7th. 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 52.31%.

Hedge Funds Weigh In On Capitol Federal Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in Capitol Federal Financial by 1.7% in 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 acquiring an additional 1,894 shares during the last quarter. Midwest Trust Co boosted its position in Capitol Federal Financial by 9.9% during the first quarter. Midwest Trust Co now owns 21,539 shares of the savings and loans company's stock worth $154,000 after purchasing an additional 1,936 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Capitol Federal Financial by 6.3% in the first quarter. Lazard Asset Management LLC now owns 33,060 shares of the savings and loans company's stock valued at $236,000 after purchasing an additional 1,952 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Capitol Federal Financial by 30.8% in the second quarter. GAMMA Investing LLC now owns 11,595 shares of the savings and loans company's stock valued at $99,000 after purchasing an additional 2,733 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Capitol Federal Financial in the second quarter valued at about $25,000. 88.51% of the stock is owned by 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 bank operates primarily as a community-focused financial institution serving individuals, families, businesses and organizations in Kansas and Missouri.

Capitol Federal Savings Bank's main business activities include gathering deposits and originating residential mortgage loans, including home purchase and refinancing loans. It also provides commercial real estate lending, consumer loans and other banking products, along with deposit accounts and related financial services for personal and business customers.

Capitol Federal traces its history to 1893 and has operated for more than a century as a savings institution focused on residential lending and community banking.

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