CF Bankshares (NASDAQ:CFBK) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of CF Bankshares (NASDAQ:CFBK) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

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

CF Bankshares Stock Performance

CF Bankshares stock opened at $34.15 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a fifty day moving average of $34.48 and a two-hundred day moving average of $31.47. The company has a market capitalization of $219.24 million, a price-to-earnings ratio of 9.87 and a beta of 0.43. CF Bankshares has a fifty-two week low of $22.10 and a fifty-two week high of $38.11.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $16.71 million for the quarter, compared to the consensus estimate of $16.80 million. CF Bankshares had a return on equity of 11.92% and a net margin of 18.08%. On average, analysts anticipate that CF Bankshares will post 3.57 EPS for the current fiscal year.

CF Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Monday, October 12th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, October 9th. CF Bankshares’s payout ratio is presently 10.40%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of CF Bankshares by 48.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company’s stock valued at $2,571,000 after purchasing an additional 30,045 shares during the period. BlackRock Inc. acquired a new position in CF Bankshares in the second quarter valued at $12,378,000. Rhino Investment Partners Inc acquired a new position in CF Bankshares in the first quarter valued at $3,499,000. De Lisle Partners LLP purchased a new position in CF Bankshares during the second quarter worth about $1,350,000. Finally, Bank of New York Mellon Corp purchased a new position in CF Bankshares during the second quarter worth about $552,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

CF Bankshares Company Profile

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.