CF Bankshares (NASDAQ:CFBK) Announces Earnings Results, Hits Estimates

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings results on Tuesday. The savings and loans company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91, Zacks reports. The business had revenue of $16.71 million during the quarter, compared to analysts’ expectations of $16.80 million. CF Bankshares had a return on equity of 10.10% and a net margin of 15.10%.

CF Bankshares Stock Down 0.2%

Shares of CFBK opened at $34.53 on Thursday. The firm has a market cap of $221.68 million, a P/E ratio of 11.87 and a beta of 0.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.14. CF Bankshares has a 52 week low of $22.10 and a 52 week high of $38.11. The firm’s 50-day simple moving average is $34.49 and its 200 day simple moving average is $31.40.

CF Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Monday, October 12th were paid a $0.09 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. CF Bankshares’s dividend payout ratio is 12.37%.

Analyst Ratings Changes

CFBK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research report on Wednesday, September 9th. Piper Sandler reiterated an “overweight” rating and set a $40.00 target price (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $40.00.

About CF Bankshares

CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.

The bank’s offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.

CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.