CF Bankshares (NASDAQ:CFBK) Share Price Passes Above 50 Day Moving Average – Here’s Why

CF Bankshares Inc. (NASDAQ:CFBK)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $28.28 and traded as high as $28.47. CF Bankshares shares last traded at $28.16, with a volume of 22,400 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings raised CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Piper Sandler cut their price objective on CF Bankshares from $34.00 to $33.50 and set an “overweight” rating for the company in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.50.

CF Bankshares Stock Performance

The company has a market capitalization of $180.82 million, a price-to-earnings ratio of 10.13 and a beta of 0.43. The stock has a 50-day moving average price of $28.28 and a 200-day moving average price of $27.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 1.13.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Tuesday, May 5th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). CF Bankshares had a net margin of 14.37% and a return on equity of 9.86%. The business had revenue of $14.81 million during the quarter, compared to analyst estimates of $16.40 million. As a group, analysts forecast that CF Bankshares Inc. will post 3.62 earnings per share for the current year.

CF Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, April 13th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.95%.

Hedge Funds Weigh In On CF Bankshares

Large investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new position in shares of CF Bankshares during the third quarter worth approximately $1,330,000. Daytona Street Capital LLC bought a new position in shares of CF Bankshares during the fourth quarter worth approximately $3,752,000. Strs Ohio increased its stake in shares of CF Bankshares by 909.1% during the fourth quarter. Strs Ohio now owns 22,200 shares of the savings and loans company’s stock worth $554,000 after purchasing an additional 20,000 shares during the period. Everhart Financial Group Inc. bought a new position in shares of CF Bankshares during the fourth quarter worth approximately $227,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 1,862 shares during the period. Institutional investors own 41.06% of the company’s stock.

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.