CF Bankshares (NASDAQ:CFBK) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of CF Bankshares (NASDAQ:CFBK) in a research note released on Tuesday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

CF Bankshares Stock Performance

Shares of CFBK stock opened at $27.29 on Tuesday. CF Bankshares has a 52 week low of $16.00 and a 52 week high of $31.17. The company has a market cap of $140.00 million, a P/E ratio of 13.44 and a beta of 0.53. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average of $23.85 and a two-hundred day moving average of $21.31.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $31.60 million for the quarter. CF Bankshares had a return on equity of 8.29% and a net margin of 10.63%. During the same quarter in the previous year, the business posted $0.62 earnings per share.

CF Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, October 19th. Shareholders of record on Friday, October 11th were paid a $0.07 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s dividend payout ratio (DPR) is presently 13.79%.

Hedge Funds Weigh In On CF Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in CF Bankshares by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after acquiring an additional 2,172 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of CF Bankshares during the first quarter valued at $619,000. Geode Capital Management LLC raised its stake in shares of CF Bankshares by 72.3% during the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after purchasing an additional 15,658 shares in the last quarter. De Lisle Partners LLP lifted its holdings in CF Bankshares by 10.4% in the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after purchasing an additional 4,843 shares during the period. Finally, Graham Capital Wealth Management LLC bought a new position in CF Bankshares in the 2nd quarter valued at about $2,774,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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.