CF Bankshares (NASDAQ:CFBK) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• CF Bankshares received a "Buy (B-)" rating from Weiss Ratings, with a consensus price target of $29.00.
• The company's stock traded down 1.4% to $23.90, and it has reported quarterly earnings that exceeded analysts' expectations.
• Institutional interest is growing, with several hedge funds increasing their stakes in CF Bankshares, indicating a strong investment outlook.

CF Bankshares (NASDAQ:CFBK - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the company. Zacks Research lowered CF Bankshares from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wall Street Zen raised CF Bankshares from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

CF Bankshares Trading Down 1.4%

Shares of CF Bankshares stock traded down $0.35 on Wednesday, reaching $23.90. The company had a trading volume of 41,609 shares, compared to its average volume of 33,211. The firm has a market cap of $152.24 million, a price-to-earnings ratio of 8.60 and a beta of 0.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.13 and a quick ratio of 1.13. The firm's 50-day moving average price is $24.42 and its two-hundred day moving average price is $23.53. CF Bankshares has a 1 year low of $19.22 and a 1 year high of $31.17.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.05. CF Bankshares had a return on equity of 10.44% and a net margin of 14.20%.The firm had revenue of $15.58 million during the quarter, compared to analyst estimates of $14.73 million.

Insiders Place Their Bets

In related news, CEO Timothy T. O'dell sold 10,833 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $25.50, for a total transaction of $276,241.50. Following the transaction, the chief executive officer directly owned 290,121 shares in the company, valued at $7,398,085.50. The trade was a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 20,000 shares of company stock worth $508,735. 21.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFBK. Truffle Hound Capital LLC grew its stake in CF Bankshares by 8.2% during the 1st quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company's stock worth $1,907,000 after buying an additional 6,520 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CF Bankshares by 30.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company's stock worth $463,000 after buying an additional 4,910 shares during the last quarter. Jane Street Group LLC purchased a new stake in CF Bankshares during the 1st quarter valued at about $263,000. Geode Capital Management LLC grew its stake in CF Bankshares by 108.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company's stock valued at $2,072,000 after purchasing an additional 44,963 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in CF Bankshares during the 2nd quarter valued at about $44,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

About CF Bankshares

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.

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