CF Bankshares (NASDAQ:CFBK) Announces Earnings Results

CF Bankshares (NASDAQ:CFBK) announced its quarterly earnings results on Tuesday. The savings and loans company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04), FiscalAI reports. The company had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.40 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%.

CF Bankshares Stock Down 2.5%

CF Bankshares stock traded down $0.69 during mid-day trading on Tuesday, reaching $27.08. The company’s stock had a trading volume of 17,751 shares, compared to its average volume of 46,633. The company has a market capitalization of $173.94 million, a price-to-earnings ratio of 10.05 and a beta of 0.43. CF Bankshares has a 12 month low of $22.10 and a 12 month high of $34.33. The business’s 50 day simple moving average is $29.13 and its 200 day simple moving average is $27.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.13 and a current ratio of 1.14.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. CF Bankshares’s dividend payout ratio (DPR) is 13.38%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CFBK. Weiss Ratings raised shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Piper Sandler raised their target price on shares of CF Bankshares from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Hedge Funds Weigh In On CF Bankshares

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in CF Bankshares during the third quarter worth $29,000. Bank of America Corp DE increased its holdings in CF Bankshares by 1,305.7% during the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in CF Bankshares during the second quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in CF Bankshares during the second quarter worth $50,000. Finally, BNP Paribas Financial Markets increased its holdings in CF Bankshares by 307.8% during the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after buying an additional 1,862 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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.