CF Bankshares (NASDAQ:CFBK – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research report on Wednesday, September 9th. Piper Sandler reissued an “overweight” rating and set a $40.00 price target (up from $36.00) on shares of CF Bankshares in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $40.00.
View Our Latest Stock Analysis on CF Bankshares
CF Bankshares Price Performance
CFBK stock opened at $34.15 on Friday. The stock has a market capitalization of $219.24 million, a price-to-earnings ratio of 9.87 and a beta of 0.45. CF Bankshares has a 52-week low of $22.10 and a 52-week high of $38.11. The company has a 50-day moving average of $34.48 and a two-hundred day moving average of $31.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.14 and a quick ratio of 1.13.
CF Bankshares (NASDAQ:CFBK – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. CF Bankshares had a return on equity of 11.92% and a net margin of 18.08%. The firm had revenue of $16.71 million during the quarter, compared to analysts’ expectations of $16.80 million. As a group, equities research analysts anticipate that CF Bankshares will post 3.57 EPS for the current year.
Hedge Funds Weigh In On CF Bankshares
Large investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in CF Bankshares in the second quarter worth $563,000. Corient Private Wealth LP purchased a new stake in shares of CF Bankshares during the 2nd quarter worth approximately $387,000. Bank of America Corp DE bought a new position in shares of CF Bankshares in the second quarter worth about $692,000. Man Group plc purchased a new stake in shares of CF Bankshares in the second quarter worth about $418,000. Finally, Hsbc Holdings PLC acquired a new position in CF Bankshares in the 2nd quarter valued at $910,000. 41.06% of the stock is currently owned by institutional investors.
CF Bankshares Company Profile
CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.
The bank’s offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.
CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.
See Also
- Five stocks we like better than CF Bankshares
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for CF Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
