CF Bankshares (NASDAQ:CFBK) Issues Earnings Results

Key Points

• CF Bankshares reported an earnings per share (EPS) of $0.77 for the quarter, exceeding analysts' expectations of $0.72.
• The company increased its quarterly dividend to $0.08 per share, up from the previous $0.07, reflecting a 1.3% dividend yield.
• Goldman Sachs Group Inc. raised its stake in CF Bankshares by 30.5%, now owning 0.40% of the company valued at approximately $463,000.

CF Bankshares (NASDAQ:CFBK - Get Free Report) released its earnings results on Monday. The savings and loans company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.05, Zacks reports. CF Bankshares had a net margin of 11.67% and a return on equity of 8.71%.

CF Bankshares Price Performance

Shares of CF Bankshares stock traded up $0.22 on Monday, hitting $23.72. 1,576 shares of the company traded hands, compared to its average volume of 19,708. The stock has a market capitalization of $123.79 million, a P/E ratio of 10.45 and a beta of 0.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. CF Bankshares has a 52 week low of $19.22 and a 52 week high of $31.17. The business has a 50-day simple moving average of $23.83 and a 200 day simple moving average of $23.25.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were given a dividend of $0.08 per share. The ex-dividend date was Friday, July 11th. This is an increase from CF Bankshares's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. CF Bankshares's dividend payout ratio (DPR) is 14.10%.

Institutional Investors Weigh In On CF Bankshares

A hedge fund recently raised its stake in CF Bankshares stock. Goldman Sachs Group Inc. grew its stake in shares of CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,998 shares of the savings and loans company's stock after buying an additional 4,910 shares during the period. Goldman Sachs Group Inc. owned 0.40% of CF Bankshares worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 41.06% of the company's stock.

Analysts Set New Price Targets

CFBK has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of CF Bankshares from a "buy" rating to a "hold" rating in a research note on Saturday. Piper Sandler set a $29.00 target price on shares of CF Bankshares and gave the stock an "overweight" rating in a research note on Wednesday, May 21st.

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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