CF Bankshares (NASDAQ:CFBK) Issues Earnings Results

CF Bankshares (NASDAQ:CFBK) issued its earnings results on Thursday. The savings and loans company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12, Zacks reports. The business had revenue of $10.54 million during the quarter, compared to the consensus estimate of $15.94 million. CF Bankshares had a return on equity of 9.87% and a net margin of 13.82%.

CF Bankshares Stock Up 3.3%

Shares of CFBK stock traded up $1.06 during trading hours on Friday, reaching $33.31. The company had a trading volume of 85,620 shares, compared to its average volume of 52,130. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $212.18 million, a price-to-earnings ratio of 12.38 and a beta of 0.42. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $33.60. The business has a fifty day simple moving average of $26.65 and a 200-day simple moving average of $24.89.

CF Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, January 15th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.08. CF Bankshares’s payout ratio is 14.46%.

Institutional Investors Weigh In On CF Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. increased its stake in shares of CF Bankshares by 5.7% during the third quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock valued at $11,071,000 after buying an additional 24,775 shares during the period. Geode Capital Management LLC boosted its holdings in CF Bankshares by 108.4% in the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after acquiring an additional 44,963 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CF Bankshares by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 45,718 shares of the savings and loans company’s stock valued at $1,095,000 after purchasing an additional 1,303 shares during the period. Bridgeway Capital Management LLC raised its holdings in CF Bankshares by 18.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,029 shares of the savings and loans company’s stock worth $767,000 after purchasing an additional 4,932 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of CF Bankshares by 182.7% in the 3rd quarter. Citadel Advisors LLC now owns 24,888 shares of the savings and loans company’s stock worth $596,000 after purchasing an additional 16,085 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CFBK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CF Bankshares in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of CF Bankshares from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.00.

CF Bankshares Company Profile

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.