CF Bankshares Inc. to Issue Quarterly Dividend of $0.09 (NASDAQ:CFBK)

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Wednesday, April 1st, NASDAQ Dividends reports. Investors of record on Monday, April 13th will be given a dividend of 0.09 per share by the savings and loans company on Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, April 13th.

CF Bankshares has increased its dividend by an average of 0.6%per year over the last three years and has raised its dividend every year for the last 4 years. CF Bankshares has a dividend payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings.

CF Bankshares Stock Performance

CF Bankshares stock remained flat at $28.00 during trading on Friday. 40,337 shares of the company were exchanged, compared to its average volume of 46,236. CF Bankshares has a 52-week low of $19.22 and a 52-week high of $34.33. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $29.81 and its 200 day moving average price is $26.33. The stock has a market capitalization of $180.04 million, a price-to-earnings ratio of 10.41 and a beta of 0.42.

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

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.