CF Bankshares (NASDAQ:CFBK – Get Free Report) had its target price decreased by equities researchers at Piper Sandler from $34.00 to $33.50 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s target price would suggest a potential upside of 22.13% from the company’s current price.
Separately, Weiss Ratings upgraded CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.50.
Check Out Our Latest Stock Report on CF Bankshares
CF Bankshares Price Performance
CF Bankshares (NASDAQ:CFBK – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The savings and loans company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). CF Bankshares had a return on equity of 9.98% and a net margin of 14.37%.The firm had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.40 million. As a group, equities analysts expect that CF Bankshares will post 3.66 EPS for the current year.
Institutional Investors Weigh In On CF Bankshares
Several hedge funds and other institutional investors have recently made changes to their positions in CFBK. CWM LLC acquired a new stake in shares of CF Bankshares in the 3rd quarter valued at $29,000. Russell Investments Group Ltd. acquired a new stake in shares of CF Bankshares in the 3rd quarter valued at $29,000. Bank of America Corp DE increased its stake in shares of 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 valued at $41,000 after buying an additional 1,606 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at $50,000. 41.06% of the stock is owned by institutional investors and hedge funds.
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.
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