CF Bankshares (NASDAQ:CFBK) Posts Earnings Results, Misses Estimates By $0.04 EPS

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings results on Tuesday. The savings and loans company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04), FiscalAI reports. The company had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.40 million. CF Bankshares had a return on equity of 9.76% and a net margin of 13.82%.

CF Bankshares Stock Performance

NASDAQ:CFBK traded down $0.21 during midday trading on Tuesday, hitting $27.56. The company’s stock had a trading volume of 16,318 shares, compared to its average volume of 46,553. CF Bankshares has a fifty-two week low of $22.10 and a fifty-two week high of $34.33. The firm’s 50 day moving average is $29.13 and its 200-day moving average is $27.08. 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 firm has a market cap of $177.02 million, a P/E ratio of 10.25 and a beta of 0.43.

CF Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, April 13th. CF Bankshares’s dividend payout ratio is 13.38%.

Wall Street Analyst Weigh In

Several research firms have commented on CFBK. Weiss Ratings raised shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Piper Sandler increased their price objective on shares of CF Bankshares from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CF Bankshares has an average rating of “Moderate Buy” and an average price target of $34.00.

Hedge Funds Weigh In On CF Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in CF Bankshares in the 3rd quarter worth approximately $29,000. Bank of America Corp DE increased its holdings in CF Bankshares by 1,305.7% in the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,606 shares during the period. JPMorgan Chase & Co. acquired a new position in CF Bankshares in the 2nd quarter worth approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in CF Bankshares in the 2nd quarter worth approximately $50,000. Finally, BNP Paribas Financial Markets increased its holdings in CF Bankshares by 307.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after buying an additional 1,862 shares during the period. Institutional investors and hedge funds 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.