CF Bankshares (NASDAQ:CFBK) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

CF Bankshares Inc. (NASDAQ:CFBK)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $29.36 and traded as high as $32.04. CF Bankshares shares last traded at $31.09, with a volume of 81,144 shares traded.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler restated an “overweight” rating and set a $36.00 price objective (up from $33.50) on shares of CF Bankshares in a research report on Thursday, June 25th. Weiss Ratings restated a “buy (b)” rating on shares of CF Bankshares in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CF Bankshares has an average rating of “Moderate Buy” and a consensus price target of $36.00.

CF Bankshares Price Performance

The business’s 50-day simple moving average is $29.44 and its two-hundred day simple moving average is $29.04. The stock has a market cap of $203.77 million, a price-to-earnings ratio of 11.42 and a beta of 0.39. 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 announced its quarterly earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.The company had revenue of $14.81 million for the quarter, compared to analyst estimates of $16.40 million. Research analysts expect that CF Bankshares Inc. will post 3.62 earnings per share for the current year.

CF Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th will be given a $0.09 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.36 annualized dividend and a yield of 1.1%. CF Bankshares’s dividend payout ratio (DPR) is currently 12.95%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in CF Bankshares by 30.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock worth $463,000 after buying an additional 4,910 shares during the period. Jane Street Group LLC bought a new stake in shares of CF Bankshares in the first quarter worth $263,000. Geode Capital Management LLC increased its holdings in CF Bankshares by 108.4% in the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after purchasing an additional 44,963 shares during the period. JPMorgan Chase & Co. bought a new position in CF Bankshares during the 2nd quarter worth $44,000. Finally, New York State Common Retirement Fund acquired a new position in CF Bankshares during the 2nd quarter worth about $103,000. 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.