CF Bankshares (NASDAQ:CFBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CF Bankshares (NASDAQ:CFBK) from a hold rating to a buy rating in a research note released on Saturday.

Separately, Piper Sandler set a $29.00 price target on shares of CF Bankshares and gave the stock an “overweight” rating in a research note on Wednesday, May 21st.

CF Bankshares Trading Down 1.2%

CF Bankshares stock opened at $23.46 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $122.46 million, a price-to-earnings ratio of 11.39 and a beta of 0.42. CF Bankshares has a one year low of $16.92 and a one year high of $31.17. The company’s fifty day moving average price is $23.05 and its two-hundred day moving average price is $23.60.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 14th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, April 14th. CF Bankshares’s dividend payout ratio is 12.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rhino Investment Partners Inc acquired a new stake in CF Bankshares during the 4th quarter worth $5,557,000. Truffle Hound Capital LLC lifted its position in CF Bankshares by 8.2% during the 1st quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company’s stock worth $1,907,000 after buying an additional 6,520 shares in the last quarter. Kennedy Capital Management LLC lifted its position in CF Bankshares by 17.0% during the 4th quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company’s stock worth $1,111,000 after buying an additional 6,309 shares in the last quarter. Geode Capital Management LLC lifted its position in CF Bankshares by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company’s stock worth $991,000 after buying an additional 1,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of CF Bankshares by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company’s stock valued at $733,000 after purchasing an additional 2,961 shares during the period. 41.06% of the stock is currently owned by institutional investors.

CF Bankshares Company Profile

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.