CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Key Points

• Q1 miss: CF Bankshares reported EPS of $0.77, missing the consensus by $0.04, and posted revenue of $14.81 million versus an expected $16.40 million, with a return on equity of 9.76% and a net margin of 13.82%.
• CFBK shares traded down about 0.8% to $27.56 on the report; the stock has a market cap of $177.02 million, a P/E of 10.25 and a 52-week range of $22.10–$34.33.
• Dividend and sentiment: The company paid a quarterly dividend of $0.09 (annualized $0.36, yield 1.3%, payout ratio 13.38%), institutional ownership is ~41%, and analysts hold a consensus "Moderate Buy" with a $34 price target after recent upgrades.

CF Bankshares (NASDAQ:CFBK - Get Free Report) announced its quarterly earnings results on Tuesday. The savings and loans company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04), FiscalAI reports. CF Bankshares had a return on equity of 9.76% and a net margin of 13.82%.The business had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.40 million.

CF Bankshares Trading Down 0.8%

CFBK stock traded down $0.21 during mid-day trading on Tuesday, reaching $27.56. 16,318 shares of the stock traded hands, compared to its average volume of 46,553. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.13 and a current ratio of 1.14. CF Bankshares has a one year low of $22.10 and a one year high of $34.33. The stock has a market capitalization of $177.02 million, a PE ratio of 10.25 and a beta of 0.43. The business has a 50-day moving average price of $29.13 and a two-hundred day moving average price of $27.08.

CF Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were given a dividend of $0.09 per share. The ex-dividend date was Monday, April 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. CF Bankshares's payout ratio is 13.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd grew its holdings in shares of CF Bankshares by 45.3% in the fourth quarter. Quadrature Capital Ltd now owns 31,548 shares of the savings and loans company's stock worth $787,000 after purchasing an additional 9,830 shares during the last quarter. Man Group plc bought a new position in shares of CF Bankshares in the fourth quarter worth about $237,000. First Manhattan CO. LLC. grew its holdings in shares of CF Bankshares by 5.6% in the fourth quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company's stock worth $4,666,000 after purchasing an additional 10,000 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of CF Bankshares by 11.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 35,671 shares of the savings and loans company's stock worth $890,000 after purchasing an additional 3,642 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of CF Bankshares by 62.7% in the fourth quarter. AQR Capital Management LLC now owns 25,892 shares of the savings and loans company's stock worth $646,000 after purchasing an additional 9,980 shares during the last quarter. Institutional investors own 41.06% of the company's stock.

Wall Street Analyst Weigh In

CFBK has been the topic of several research reports. Weiss Ratings upgraded shares of CF Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, March 3rd. Piper Sandler boosted their price objective on shares of CF Bankshares from $29.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, CF Bankshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

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.

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