CF Bankshares (NASDAQ:CFBK – Get Free Report) posted its quarterly earnings data on Tuesday. The savings and loans company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01, Zacks reports. The firm had revenue of $16.55 million for the quarter, compared to the consensus estimate of $16.30 million. CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.
CF Bankshares Price Performance
NASDAQ:CFBK opened at $36.06 on Wednesday. The company has a market capitalization of $231.51 million, a P/E ratio of 12.97 and a beta of 0.39. The business’s 50-day moving average is $30.86 and its 200 day moving average is $29.73. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. CF Bankshares has a 12 month low of $22.10 and a 12 month high of $36.95.
CF Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, July 13th. CF Bankshares’s payout ratio is 12.95%.
Analyst Ratings Changes
Get Our Latest Research Report on CFBK
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in CF Bankshares in the third quarter worth $29,000. Bank of America Corp DE increased its stake 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 acquiring an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in CF Bankshares during the second quarter valued at approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of CF Bankshares in the 2nd quarter valued at 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 worth $59,000 after purchasing an additional 1,862 shares during the period. 41.06% of the stock is currently owned by institutional investors.
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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