CF Bankshares (NASDAQ:CFBK) Releases Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) released its quarterly earnings results on Thursday. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 9.23% and a net margin of 12.78%.

CF Bankshares Stock Performance

NASDAQ CFBK opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $26.46 and a 200-day moving average of $24.82. CF Bankshares has a 52-week low of $19.22 and a 52-week high of $32.93. The company has a market capitalization of $205.43 million, a P/E ratio of 12.95 and a beta of 0.42.

CF Bankshares Increases Dividend

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

Institutional Trading of CF Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of CFBK. NewEdge Advisors LLC bought a new stake in shares of CF Bankshares in the 3rd quarter worth approximately $321,000. Millennium Management LLC bought a new stake in shares of CF Bankshares in the 3rd quarter worth approximately $460,000. Citadel Advisors LLC grew its stake in shares of CF Bankshares by 182.7% in the third quarter. Citadel Advisors LLC now owns 24,888 shares of the savings and loans company’s stock worth $596,000 after acquiring an additional 16,085 shares during the last quarter. Bank of America Corp DE increased its stake in CF Bankshares by 96.5% during the 3rd quarter. Bank of America Corp DE now owns 3,398 shares of the savings and loans company’s stock valued at $81,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in CF Bankshares by 5.7% in the 3rd quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock worth $11,071,000 after acquiring an additional 24,775 shares during the last quarter. Institutional investors own 41.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.