CF Bankshares Inc. (NASDAQ:CFBK) Plans Dividend Increase – $0.09 Per Share

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Monday, January 5th. Investors of record on Thursday, January 15th will be paid a dividend of 0.09 per share by the savings and loans company on Monday, January 26th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 12.5% increase from CF Bankshares’s previous quarterly dividend of $0.08.

CF Bankshares has a dividend payout ratio of 9.3% meaning its dividend is sufficiently covered by earnings.

CF Bankshares Stock Up 1.2%

NASDAQ:CFBK traded up $0.29 on Monday, reaching $24.81. 61,814 shares of the stock traded hands, compared to its average volume of 45,557. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $158.04 million, a price-to-earnings ratio of 9.96 and a beta of 0.43. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $27.46. The company’s fifty day simple moving average is $24.04 and its 200 day simple moving average is $24.09.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Monday, November 3rd. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.48). CF Bankshares had a return on equity of 9.23% and a net margin of 12.78%.The firm had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.88 million.

Hedge Funds Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in CF Bankshares by 5.7% in the 3rd quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock worth $11,071,000 after buying an additional 24,775 shares in the last quarter. Fourthstone LLC boosted its stake in shares of CF Bankshares by 450.2% in the second quarter. Fourthstone LLC now owns 421,191 shares of the savings and loans company’s stock worth $10,096,000 after acquiring an additional 344,642 shares during the period. Graham Capital Wealth Management LLC grew its position in shares of CF Bankshares by 0.5% during the second quarter. Graham Capital Wealth Management LLC now owns 145,515 shares of the savings and loans company’s stock worth $3,488,000 after purchasing an additional 698 shares in the last quarter. Geode Capital Management LLC raised its stake in CF Bankshares by 108.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after purchasing an additional 44,963 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in CF Bankshares during the 3rd quarter valued at approximately $1,330,000. 41.06% of the stock is 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.