CF Bankshares (NASDAQ:CFBK) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

CF Bankshares (NASDAQ:CFBK) released its quarterly earnings data on Tuesday. The savings and loans company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01, Zacks reports. CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.

CF Bankshares Price Performance

NASDAQ:CFBK traded up $2.48 during trading hours on Tuesday, reaching $36.48. 28,027 shares of the company’s stock were exchanged, compared to its average volume of 55,339. The company has a market capitalization of $234.23 million, a P/E ratio of 13.14 and a beta of 0.39. CF Bankshares has a 12 month low of $22.10 and a 12 month high of $35.99. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $30.68 and its two-hundred day simple moving average is $29.66.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 13th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.36 annualized dividend and a yield of 1.0%. CF Bankshares’s dividend payout ratio is currently 12.95%.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in CF Bankshares during the 3rd quarter worth about $29,000. Bank of America Corp DE lifted its stake in CF Bankshares by 1,305.7% in the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock valued at $41,000 after acquiring an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in CF Bankshares in the second quarter valued at approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in CF Bankshares in the second quarter worth approximately $50,000. Finally, BNP Paribas Financial Markets grew its position in CF Bankshares by 307.8% in the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after acquiring an additional 1,862 shares in the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CFBK has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler restated an “overweight” rating and issued a $36.00 price target (up from $33.50) on shares of CF Bankshares in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.