CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.80 and traded as high as $24.35. CF Bankshares shares last traded at $24.20, with a volume of 67,334 shares traded.
Analysts Set New Price Targets
Several research firms have commented on CFBK. Piper Sandler set a $29.00 target price on shares of CF Bankshares and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen raised shares of CF Bankshares from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.
View Our Latest Research Report on CFBK
CF Bankshares Trading Down 0.1%
The company has a market capitalization of $125.67 million, a price-to-earnings ratio of 10.61 and a beta of 0.41. The company has a 50-day moving average price of $23.82 and a 200-day moving average price of $23.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.
CF Bankshares (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 8.71% and a net margin of 11.67%.
CF Bankshares Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, July 11th. This is a positive change from CF Bankshares's previous quarterly dividend of $0.07. CF Bankshares's payout ratio is 12.33%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $251,000. Jane Street Group LLC bought a new stake in CF Bankshares in the 1st quarter valued at $263,000. 683 Capital Management LLC bought a new stake in CF Bankshares during the 4th quarter worth about $340,000. Millennium Management LLC bought a new stake in CF Bankshares during the 4th quarter worth about $395,000. Finally, Goldman Sachs Group Inc. lifted its position 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 in the last quarter. Institutional investors own 41.06% of the company's stock.
About CF Bankshares
(
Get Free Report)
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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