CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS

CF Bankshares (NASDAQ:CFBK) announced its earnings results on Thursday. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12, Zacks reports. CF Bankshares had a return on equity of 9.23% and a net margin of 12.78%.

CF Bankshares Trading Up 2.3%

Shares of CF Bankshares stock traded up $0.73 during trading hours on Thursday, hitting $32.25. The company’s stock had a trading volume of 151,532 shares, compared to its average volume of 55,941. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $205.34 million, a PE ratio of 12.95 and a beta of 0.42. The business has a fifty day moving average of $26.29 and a 200 day moving average of $24.77. CF Bankshares has a 1-year low of $19.22 and a 1-year high of $32.93.

CF Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Thursday, January 15th were paid a dividend of $0.09 per share. This is a boost from CF Bankshares’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, January 15th. CF Bankshares’s payout ratio is currently 14.46%.

Institutional Trading of CF Bankshares

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in CF Bankshares during the 3rd quarter valued at $29,000. Bank of America Corp DE grew its stake in shares of 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 valued at $41,000 after acquiring an additional 1,606 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of CF Bankshares during the second quarter worth about $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CF Bankshares in the second quarter worth about $50,000. Finally, BNP Paribas Financial Markets boosted its holdings in 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 valued at $59,000 after purchasing an additional 1,862 shares during the last quarter. Institutional investors and hedge funds own 41.06% of the company’s stock.

Analyst Ratings Changes

CFBK has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Bankshares in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, CF Bankshares currently has an average rating of “Hold” and an average target price of $29.00.

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.