CF Bankshares (NASDAQ:CFBK) Stock Crosses Above 50 Day Moving Average – Time to Sell?

CF Bankshares Inc. (NASDAQ:CFBKGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $29.36 and traded as high as $32.04. CF Bankshares shares last traded at $31.09, with a volume of 81,144 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on CF Bankshares

CF Bankshares Price Performance

The company’s 50 day simple moving average is $29.36 and its 200 day simple moving average is $28.99. 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 stock has a market capitalization of $199.60 million, a PE ratio of 11.18 and a beta of 0.39.

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

CF Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, July 13th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.95%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CFBK. Russell Investments Group Ltd. acquired a new stake in shares of CF Bankshares in the third quarter worth approximately $29,000. Bank of America Corp DE increased its position in CF Bankshares by 1,305.7% during the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in CF Bankshares during the second quarter worth approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in CF Bankshares during the second quarter worth approximately $50,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of CF Bankshares by 307.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock valued at $59,000 after purchasing an additional 1,862 shares during the last quarter. 41.06% of the stock is currently 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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