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

CF Bankshares Inc. (NASDAQ:CFBK)’s share 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 changing hands.

Wall Street Analyst Weigh In

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

CF Bankshares Stock Up 0.9%

The firm has a 50-day moving average of $28.28 and a 200 day moving average 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. The stock has a market capitalization of $180.82 million, a price-to-earnings ratio of 10.13 and a beta of 0.43.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly 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 net margin of 14.37% and a return on equity of 9.86%. The company had revenue of $14.81 million for the quarter, compared to analyst estimates of $16.40 million. As a group, sell-side analysts forecast that CF Bankshares Inc. will post 3.62 earnings per share for the current fiscal year.

CF Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.36 annualized dividend and a yield of 1.3%. CF Bankshares’s dividend payout ratio is 12.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Rhino Investment Partners Inc acquired a new position in CF Bankshares during the first quarter valued at approximately $3,499,000. Empowered Funds LLC acquired a new position in CF Bankshares during the first quarter valued at approximately $451,000. Renaissance Technologies LLC boosted its position in CF Bankshares by 9.8% during the first quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company’s stock valued at $2,637,000 after purchasing an additional 8,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CF Bankshares by 48.4% during the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company’s stock valued at $2,571,000 after purchasing an additional 30,045 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in CF Bankshares by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 14,578 shares of the savings and loans company’s stock valued at $407,000 after purchasing an additional 427 shares during the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

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.