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

Capitol Federal Financial (NASDAQ:CFFN) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 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

A number of research analysts have recently weighed in on CFFN shares. Piper Sandler raised their price objective on Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded Capitol Federal Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capitol Federal Financial currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Capitol Federal Financial Stock Down 1.2%

The business has a 50-day moving average price of $8.54 and a 200 day moving average price of $8.06. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $1.06 billion, a P/E ratio of 12.26 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings results on Wednesday, October 28th. The savings and loans company reported $0.18 earnings per share for the quarter, hitting 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 company had revenue of $60.86 million for the quarter, compared to analysts’ expectations of $61.12 million.

Capitol Federal Financial Dividend Announcement

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

Institutional Trading of Capitol Federal Financial

A number of large investors have recently made changes to their positions in the business. First Trust Advisors LP lifted its holdings in shares of Capitol Federal Financial by 320.6% in the 3rd quarter. First Trust Advisors LP now owns 238,633 shares of the savings and loans company’s stock valued at $1,969,000 after acquiring an additional 181,902 shares during the last quarter. Focus Advisor Solutions LLC raised its position in Capitol Federal Financial by 101.5% during the third quarter. Focus Advisor Solutions LLC now owns 33,420 shares of the savings and loans company’s stock valued at $276,000 after purchasing an additional 16,832 shares during the period. Boston Partners purchased a new stake in Capitol Federal Financial during the third quarter valued at approximately $2,970,000. HighTower Advisors LLC purchased a new stake in Capitol Federal Financial during the third quarter valued at approximately $193,000. Finally, Intech Investment Management LLC lifted its stake in shares of Capitol Federal Financial by 67.1% in the 3rd quarter. Intech Investment Management LLC now owns 197,756 shares of the savings and loans company’s stock valued at $1,631,000 after purchasing an additional 79,422 shares during the last quarter. 88.51% of the stock is currently owned by institutional investors.

Capitol Federal Financial Company Profile

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.