Strs Ohio Has $554,000 Position in CF Bankshares Inc. $CFBK

Strs Ohio boosted its holdings in CF Bankshares Inc. (NASDAQ:CFBK) by 909.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,200 shares of the savings and loans company’s stock after acquiring an additional 20,000 shares during the quarter. Strs Ohio’s holdings in CF Bankshares were worth $554,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CWM LLC acquired a new position in CF Bankshares in the third quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new position in CF Bankshares in the third quarter valued at approximately $29,000. Bank of America Corp DE raised its holdings in CF Bankshares by 1,305.7% in the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 1,606 shares during the period. JPMorgan Chase & Co. acquired a new stake in CF Bankshares in the second quarter worth $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in CF Bankshares in the second quarter worth $50,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CFBK. Weiss Ratings upgraded shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 3rd. Piper Sandler increased their target price on shares of CF Bankshares from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

CF Bankshares Trading Up 0.3%

CFBK opened at $27.43 on Friday. The firm’s fifty day moving average is $28.90 and its two-hundred day moving average is $27.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a market cap of $176.10 million, a PE ratio of 9.87 and a beta of 0.43. CF Bankshares Inc. has a twelve month low of $22.10 and a twelve month high of $34.33.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings data 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 9.98% and a net margin of 14.37%.The company had revenue of $14.81 million for the quarter, compared to the consensus estimate of $16.40 million. Equities research analysts anticipate that CF Bankshares Inc. will post 3.66 EPS for the current year.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. CF Bankshares’s dividend payout ratio (DPR) is 12.95%.

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.