CF Bankshares (NASDAQ:CFBK) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of CF Bankshares (NASDAQ:CFBK) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts have also issued reports on CFBK. Weiss Ratings lowered shares of CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Zacks Research lowered CF Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.00.

CF Bankshares Price Performance

Shares of CFBK opened at $22.77 on Friday. The business’s 50-day moving average is $23.77 and its 200-day moving average is $23.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $144.98 million, a price-to-earnings ratio of 8.19 and a beta of 0.49. CF Bankshares has a fifty-two week low of $19.22 and a fifty-two week high of $29.60.

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

CF Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Monday, October 13th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, October 10th. CF Bankshares’s dividend payout ratio is 12.85%.

Insider Activity at CF Bankshares

In related news, CEO Timothy T. O’dell sold 10,833 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $25.50, for a total value of $276,241.50. Following the transaction, the chief executive officer directly owned 290,121 shares of the company’s stock, valued at approximately $7,398,085.50. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFBK. CWM LLC acquired a new stake in shares of CF Bankshares in the third quarter worth $29,000. Russell Investments Group Ltd. bought a new position in CF Bankshares in the 3rd quarter worth $29,000. Bank of America Corp DE raised its holdings in CF Bankshares by 1,305.7% in 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 acquiring an additional 1,606 shares during the period. JPMorgan Chase & Co. acquired a new position in CF Bankshares during the 2nd quarter worth $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in CF Bankshares during the second quarter valued at 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.