CF Bankshares (NASDAQ:CFBK) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

CF Bankshares Inc. (NASDAQ:CFBK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.92 and traded as low as $23.71. CF Bankshares shares last traded at $23.75, with a volume of 35,156 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of CF Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research downgraded CF Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings lowered CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.00.

CF Bankshares Trading Down 0.7%

The firm has a market capitalization of $151.22 million, a price-to-earnings ratio of 8.54 and a beta of 0.49. The business’s fifty day moving average is $23.55 and its 200 day moving average is $23.92. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.66.

CF Bankshares (NASDAQ:CFBK) last released its earnings results on Monday, November 3rd. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.48). CF Bankshares had a return on equity of 10.44% and a net margin of 14.20%.The firm had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.88 million.

CF Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Monday, October 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 10th. CF Bankshares’s dividend payout ratio (DPR) is currently 12.85%.

Hedge Funds Weigh In On CF Bankshares

A number of large investors have recently bought and sold shares of CFBK. CWM LLC acquired a new stake in shares of CF Bankshares in the third quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new stake in CF Bankshares in the 3rd quarter valued at $29,000. Bank of America Corp DE lifted its position in CF Bankshares by 1,305.7% during the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,606 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in CF Bankshares during the 2nd quarter worth about $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CF Bankshares during the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

About CF Bankshares

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.