CF Bankshares (NASDAQ:CFBK) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded CF Bankshares to “Buy” from “Hold.” The stock has a consensus “Buy” rating and a $40.00 target price from analysts, compared with its recent opening price of $34.15.
• CF Bankshares reported quarterly earnings of $0.91 per share, matching estimates, while revenue of $16.71 million came in slightly below the $16.80 million forecast.
• Institutional ownership stands at 41.06%, with investors including BlackRock and Dimensional Fund Advisors recently increasing or initiating positions.

CF Bankshares (NASDAQ:CFBK - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings restated a "buy (b)" rating on shares of CF Bankshares in a report on Wednesday, September 9th. Piper Sandler reaffirmed 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 investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $40.00.

CF Bankshares Stock Down 1.4%

Shares of CFBK opened at $34.15 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.59. The stock has a market cap of $219.24 million, a price-to-earnings ratio of 9.87 and a beta of 0.43. CF Bankshares has a 12 month low of $22.10 and a 12 month high of $38.11. The company has a 50-day moving average price of $34.48 and a two-hundred day moving average price of $31.47.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The savings and loans company reported $0.91 EPS for the quarter, meeting analysts' consensus estimates of $0.91. CF Bankshares had a net margin of 18.08% and a return on equity of 11.92%. The firm had revenue of $16.71 million for the quarter, compared to analyst estimates of $16.80 million. Equities analysts predict that CF Bankshares will post 3.57 EPS for the current fiscal year.

Institutional Investors Weigh In On CF Bankshares

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 30,045 shares during the last quarter. BlackRock Inc. bought a new position in shares of CF Bankshares during the second quarter valued at $12,378,000. Rhino Investment Partners Inc bought a new stake in shares of CF Bankshares in the 1st quarter valued at about $3,499,000. De Lisle Partners LLP acquired a new stake in shares of CF Bankshares in the second quarter valued at about $1,350,000. Finally, Bank of New York Mellon Corp bought a new position in shares of 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.

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