CF Bankshares (NASDAQ:CFBK) Issues Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) issued its earnings results on Tuesday. The savings and loans company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91, Zacks reports. The company had revenue of $16.71 million for the quarter, compared to the consensus estimate of $16.80 million.

CF Bankshares Stock Performance

Shares of NASDAQ CFBK opened at $34.54 on Wednesday. CF Bankshares has a twelve month low of $22.10 and a twelve month high of $38.11. The company has a 50 day moving average of $34.51 and a 200 day moving average of $31.36.

CF Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Monday, October 12th were paid a $0.09 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $40.00 price objective (up from $36.00) on shares of CF Bankshares in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, CF Bankshares presently has a consensus rating of “Buy” and an average target price of $40.00.

About CF Bankshares

CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.

The bank’s offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.

CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.