CF Bankshares (NASDAQ:CFBK) Stock Crosses Above Fifty Day Moving Average – Here’s Why

CF Bankshares Inc. (NASDAQ:CFBK)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.22 and traded as high as $28.75. CF Bankshares shares last traded at $27.26, with a volume of 49,671 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of CF Bankshares in a report on Tuesday, November 12th. They set a “hold” rating on the stock.

CF Bankshares Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $139.84 million, a price-to-earnings ratio of 13.43 and a beta of 0.55. The business’s 50 day simple moving average is $26.22 and its 200-day simple moving average is $22.52.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. The business had revenue of $31.60 million for the quarter. During the same quarter in the prior year, the business posted $0.62 EPS.

CF Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were paid a $0.07 dividend. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, October 11th. CF Bankshares’s dividend payout ratio (DPR) is presently 13.79%.

Institutional Trading of CF Bankshares

A number of hedge funds have recently added to or reduced their stakes in CFBK. Geode Capital Management LLC boosted its holdings in shares of CF Bankshares by 72.3% during the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after acquiring an additional 15,658 shares in the last quarter. De Lisle Partners LLP boosted its stake in shares of CF Bankshares by 10.4% during the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after purchasing an additional 4,843 shares in the last quarter. Graham Capital Wealth Management LLC grew its holdings in shares of CF Bankshares by 0.6% during the third quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock worth $3,221,000 after purchasing an additional 923 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of CF Bankshares by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after buying an additional 2,172 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

About CF Bankshares

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.