CF Bankshares Inc. Declares Quarterly Dividend of $0.09 (NASDAQ:CFBK)

CF Bankshares Inc. (NASDAQ:CFBK) declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be paid a dividend of 0.09 per share by the savings and loans company on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, July 13th.

CF Bankshares has increased its dividend payment by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. CF Bankshares has a dividend payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect CF Bankshares to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 8.6%.

CF Bankshares Trading Up 0.4%

CFBK stock traded up $0.13 during midday trading on Wednesday, hitting $32.90. The company had a trading volume of 85,142 shares, compared to its average volume of 53,703. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. CF Bankshares has a 52 week low of $22.10 and a 52 week high of $34.33. The stock’s 50 day moving average price is $29.09 and its 200 day moving average price is $28.69. The stock has a market cap of $211.22 million, a price-to-earnings ratio of 11.83 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.The firm had revenue of $14.81 million during the quarter, compared to analysts’ expectations of $16.40 million. As a group, equities research analysts expect that CF Bankshares will post 3.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

CFBK has been the subject of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $36.00 target price (up from $33.50) on shares of CF Bankshares in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CF Bankshares has an average rating of “Moderate Buy” and a consensus price target of $36.00.

About CF Bankshares

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.