CF Bankshares (NASDAQ:CFBK) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

CF Bankshares Inc. (NASDAQ:CFBKGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.34 and traded as low as $27.28. CF Bankshares shares last traded at $27.41, with a volume of 25,019 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on CFBK. Weiss Ratings upgraded shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Piper Sandler reduced their target price on shares of CF Bankshares from $34.00 to $33.50 and set an “overweight” rating on the stock in a report on Monday, May 11th. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.50.

Read Our Latest Stock Report on CF Bankshares

CF Bankshares Stock Up 1.3%

The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $28.37 and its 200 day simple moving average is $27.39. The firm has a market cap of $176.61 million, a P/E ratio of 9.90 and a beta of 0.43.

CF Bankshares (NASDAQ:CFBKGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.The firm had revenue of $14.81 million for the quarter, compared to analyst estimates of $16.40 million. As a group, research analysts forecast that CF Bankshares Inc. will post 3.62 EPS for the current fiscal year.

CF Bankshares Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.3%. CF Bankshares’s dividend payout ratio (DPR) is presently 12.95%.

Hedge Funds Weigh In On CF Bankshares

A number of hedge funds have recently bought and sold shares of the company. CWM LLC purchased a new stake in CF Bankshares in the 3rd quarter valued at about $29,000. Russell Investments Group Ltd. purchased a new stake in CF Bankshares in the 3rd quarter valued at about $29,000. Bank of America Corp DE increased its stake 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 valued at $41,000 after buying an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of CF Bankshares in the second quarter valued at approximately $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CF Bankshares in the second quarter valued at approximately $50,000. 41.06% of the stock is owned by hedge funds and other institutional investors.

CF Bankshares Company Profile

(Get Free Report)

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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