CF Bankshares (NASDAQ:CFBK) Issues Earnings Results

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings data on Tuesday. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01, Zacks reports. CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.

CF Bankshares Stock Up 5.7%

Shares of CFBK traded up $1.94 during midday trading on Tuesday, reaching $35.95. 23,351 shares of the stock were exchanged, compared to its average volume of 55,339. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $230.80 million, a P/E ratio of 12.93 and a beta of 0.39. The company’s 50 day moving average is $30.68 and its two-hundred day moving average is $29.66. CF Bankshares has a 52 week low of $22.10 and a 52 week high of $35.63.

CF Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were given a dividend of $0.09 per share. The ex-dividend date of this dividend 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 is presently 12.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CFBK. Piper Sandler reissued an “overweight” rating and set a $36.00 target price (up from $33.50) on shares of CF Bankshares in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of 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 in the last quarter. Fourthstone LLC lifted its position in CF Bankshares by 6.4% during the fourth quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock valued at $15,832,000 after acquiring an additional 38,259 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CF Bankshares by 54.6% in the fourth quarter. Renaissance Technologies LLC now owns 86,079 shares of the savings and loans company’s stock valued at $2,148,000 after acquiring an additional 30,400 shares in the last quarter. Alliancebernstein L.P. grew its holdings in CF Bankshares by 5.7% in the third quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock worth $11,071,000 after purchasing an additional 24,775 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in CF Bankshares during the 3rd quarter worth $460,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

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.