Empowered Funds LLC purchased a new position in CF Bankshares Inc. (NASDAQ:CFBK – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,170 shares of the savings and loans company’s stock, valued at approximately $451,000. Empowered Funds LLC owned 0.25% of CF Bankshares as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in CFBK. Russell Investments Group Ltd. purchased a new stake in CF Bankshares in the third quarter worth approximately $29,000. Bank of America Corp DE lifted its holdings in shares of CF Bankshares by 1,305.7% during 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. purchased a new position in shares of CF Bankshares in the 2nd quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of CF Bankshares in the second quarter worth $50,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of CF Bankshares by 307.8% in the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after acquiring an additional 1,862 shares during the period. 41.06% of the stock is owned by hedge funds and other institutional investors.
CF Bankshares Price Performance
Shares of NASDAQ:CFBK opened at $35.56 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 1.13. CF Bankshares Inc. has a 1-year low of $22.10 and a 1-year high of $36.94. The company has a market capitalization of $228.33 million, a P/E ratio of 12.22 and a beta of 0.39. The firm’s 50 day simple moving average is $32.36 and its two-hundred day simple moving average is $30.31.
CF Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 13th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.36 annualized dividend and a yield of 1.0%. CF Bankshares’s dividend payout ratio is currently 12.37%.
Wall Street Analyst Weigh In
A number of analysts recently commented on CFBK shares. Piper Sandler reiterated an “overweight” rating and set a $40.00 price objective (up from $36.00) on shares of CF Bankshares in a research report on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.
Check Out Our Latest Analysis on CF Bankshares
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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