Empowered Funds LLC Buys New Holdings in CF Bankshares Inc. $CFBK

Empowered Funds LLC purchased a new position in CF Bankshares Inc. (NASDAQ:CFBK) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,170 shares of the savings and loans company’s stock, valued at approximately $451,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in CF Bankshares during the 3rd quarter valued at approximately $29,000. Bank of America Corp DE raised its position 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 buying an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of CF Bankshares in the second quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of CF Bankshares in the second quarter worth $50,000. Finally, BNP Paribas Financial Markets boosted its position in shares of CF Bankshares by 307.8% during the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after acquiring an additional 1,862 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors.

CF Bankshares Stock Performance

Shares of NASDAQ:CFBK opened at $35.56 on Wednesday. The company has a market capitalization of $228.33 million, a price-to-earnings ratio of 12.22 and a beta of 0.39. CF Bankshares Inc. has a 12 month low of $22.10 and a 12 month high of $36.94. The firm’s 50-day moving average is $32.36 and its 200 day moving average is $30.31. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $16.55 million during the quarter, compared to the consensus estimate of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.24%. Research analysts predict that CF Bankshares Inc. will post 3.56 EPS for the current year.

CF Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, July 13th. CF Bankshares’s dividend payout ratio is presently 12.37%.

Analysts Set New Price Targets

Several research firms recently weighed in on CFBK. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler reiterated an “overweight” rating and issued a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.00.

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.