CF Bankshares Inc. (NASDAQ:CFBK – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $28.81 and traded as high as $30.55. CF Bankshares shares last traded at $30.10, with a volume of 62,987 shares.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research report on Friday, June 12th. Piper Sandler lowered their target price on shares of CF Bankshares from $34.00 to $33.50 and set an “overweight” rating for the company in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CF Bankshares has a consensus rating of “Moderate Buy” and an average target price of $33.50.
View Our Latest Analysis on CFBK
CF Bankshares Trading Up 1.5%
CF Bankshares (NASDAQ:CFBK – Get Free Report) last issued its 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). The business had revenue of $14.81 million during the quarter, compared to analyst estimates of $16.40 million. CF Bankshares had a net margin of 14.37% and a return on equity of 9.86%. On average, equities research analysts expect that CF Bankshares Inc. will post 3.62 EPS for the current fiscal year.
CF Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, April 13th. CF Bankshares’s payout ratio is currently 12.95%.
Institutional Investors Weigh In On CF Bankshares
Institutional investors and hedge funds have recently made changes to their positions in the company. Fourthstone LLC boosted its position in CF Bankshares by 6.4% in the 4th quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock valued at $15,832,000 after buying an additional 38,259 shares during the last quarter. Alliancebernstein L.P. grew its stake 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 valued at $11,071,000 after acquiring an additional 24,775 shares during the period. First Manhattan CO. LLC. raised its holdings in CF Bankshares by 5.6% during the 4th quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock worth $4,666,000 after buying an additional 10,000 shares during the period. Graham Capital Wealth Management LLC lifted its position in CF Bankshares by 6.6% in the 4th quarter. Graham Capital Wealth Management LLC now owns 152,885 shares of the savings and loans company’s stock valued at $3,814,000 after acquiring an additional 9,491 shares in the last quarter. Finally, Daytona Street Capital LLC bought a new position in shares of CF Bankshares during the fourth quarter worth about $3,752,000. Institutional investors and hedge funds own 41.06% of the company’s stock.
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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