CF Bankshares (NASDAQ:CFBK) PT Set at $29.00 by Piper Sandler

CF Bankshares (NASDAQ:CFBK - Get Free Report) has been given a $29.00 target price by analysts at Piper Sandler in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage currently has an "overweight" rating on the savings and loans company's stock. Piper Sandler's price objective indicates a potential upside of 20.93% from the company's previous close.

Separately, Wall Street Zen upgraded CF Bankshares from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.

CF Bankshares Trading Up 0.5%

CF Bankshares stock traded up $0.12 during trading hours on Wednesday, reaching $23.98. 11,846 shares of the company's stock were exchanged, compared to its average volume of 13,746. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. CF Bankshares has a twelve month low of $16.92 and a twelve month high of $31.17. The firm's 50 day simple moving average is $22.28 and its 200 day simple moving average is $24.06. The firm has a market capitalization of $125.18 million, a PE ratio of 11.64 and a beta of 0.38.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 EPS for the quarter. CF Bankshares had a return on equity of 8.25% and a net margin of 10.72%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cutter & CO Brokerage Inc. bought a new stake in CF Bankshares in the fourth quarter worth $219,000. Citadel Advisors LLC purchased a new stake in CF Bankshares in the fourth quarter worth $251,000. Jane Street Group LLC bought a new stake in shares of CF Bankshares during the 1st quarter valued at $263,000. 683 Capital Management LLC purchased a new stake in shares of CF Bankshares in the 4th quarter worth about $340,000. Finally, Millennium Management LLC bought a new position in shares of CF Bankshares in the 4th quarter worth about $395,000. 41.06% of the stock is currently owned by 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.