Hsbc Holdings PLC Buys Shares of 28,699 CF Bankshares Inc. $CFBK

Hsbc Holdings PLC bought a new stake in CF Bankshares Inc. (NASDAQ:CFBK) during the second quarter, Holdings Channel reports. The institutional investor bought 28,699 shares of the savings and loans company’s stock, valued at approximately $910,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of CF Bankshares during the second quarter worth approximately $12,378,000. Rhino Investment Partners Inc purchased a new position in CF Bankshares during the first quarter valued at approximately $3,499,000. Geode Capital Management LLC increased its stake in CF Bankshares by 108.4% in the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after buying an additional 44,963 shares during the period. De Lisle Partners LLP acquired a new position in CF Bankshares in the 2nd quarter valued at approximately $1,350,000. Finally, Fourthstone LLC lifted its position in CF Bankshares by 6.4% in the 4th quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock worth $15,832,000 after buying an additional 38,259 shares in the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFBK has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler restated an “overweight” rating and issued a $40.00 target price (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.00.

CF Bankshares Trading Up 0.3%

NASDAQ:CFBK opened at $34.65 on Wednesday. The company has a market capitalization of $222.31 million, a P/E ratio of 11.91 and a beta of 0.39. The stock’s 50 day moving average price is $33.88 and its 200 day moving average price is $30.78. 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 Inc. has a 52 week low of $22.10 and a 52 week high of $36.94.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $16.55 million during the quarter, compared to analysts’ expectations of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. On average, research analysts forecast that CF Bankshares Inc. will post 3.56 EPS for the current fiscal year.

CF Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, July 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. CF Bankshares’s dividend payout ratio (DPR) is currently 12.37%.

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.