CF Bankshares (NASDAQ:CFBK) Share Price Passes Above 50-Day Moving Average - What's Next?

Shares of CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler set a $29.00 price objective on CF Bankshares and gave the company 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 report on Saturday, June 14th.

CF Bankshares Stock Performance

The stock has a market cap of $125.44 million, a price-to-earnings ratio of 10.59 and a beta of 0.41. The firm's 50-day moving average is $23.84 and its two-hundred day moving average is $23.23. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last announced its 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 8.71% and a net margin of 11.67%.

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, July 11th. This is a boost from CF Bankshares's previous quarterly dividend of $0.07. CF Bankshares's payout ratio is 12.33%.

Hedge Funds Weigh In On CF Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in CF Bankshares in the 4th quarter valued at about $251,000. Jane Street Group LLC purchased a new stake in shares of CF Bankshares in the first quarter valued at approximately $263,000. 683 Capital Management LLC purchased a new position in CF Bankshares during the fourth quarter worth approximately $340,000. Millennium Management LLC purchased a new position in CF Bankshares during the fourth quarter worth approximately $395,000. Finally, Goldman Sachs Group Inc. boosted its stake in CF Bankshares by 30.5% during the first 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. 41.06% of the stock is 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.