Piper Sandler Issues Positive Forecast for CF Bankshares (NASDAQ:CFBK) Stock Price

CF Bankshares (NASDAQ:CFBK) had its target price hoisted by Piper Sandler from $29.00 to $34.00 in a research report report published on Thursday, MarketBeat reports. They currently have an overweight rating on the savings and loans company’s stock.

Separately, Weiss Ratings upgraded shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CF Bankshares Stock Down 0.1%

NASDAQ CFBK opened at $28.00 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.14 and a quick ratio of 1.13. The company’s 50 day simple moving average is $29.81 and its 200 day simple moving average is $26.33. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $34.33. The company has a market capitalization of $180.04 million, a P/E ratio of 10.41 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Thursday, February 5th. The savings and loans company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $15.75 million during the quarter, compared to the consensus estimate of $15.94 million. CF Bankshares had a return on equity of 9.76% and a net margin of 13.82%.

CF Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, January 15th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.08. CF Bankshares’s dividend payout ratio (DPR) is presently 13.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in CF Bankshares by 30.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock worth $463,000 after purchasing an additional 4,910 shares in the last quarter. Jane Street Group LLC acquired a new position in CF Bankshares during the first quarter valued at approximately $263,000. Geode Capital Management LLC raised its position in shares of CF Bankshares by 108.4% in the second 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. JPMorgan Chase & Co. acquired a new stake in shares of CF Bankshares in the second quarter worth $44,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of CF Bankshares in the second quarter worth $103,000. Institutional investors own 41.06% of the company’s stock.

CF Bankshares Company Profile

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.