CF Bankshares (NASDAQ:CFBK) Stock Passes Above Fifty Day Moving Average - Here's Why

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report)'s stock price passed 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 trading hands.

Analysts Set New Price Targets

CFBK has been the topic of a number of analyst reports. Piper Sandler set a $29.00 price target on CF Bankshares and gave the stock an "overweight" rating in a research note 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.

CF Bankshares Price Performance

The company has a market cap of $125.80 million, a PE ratio of 10.62 and a beta of 0.41. The stock has a fifty day moving average price of $23.80 and a 200-day moving average price of $23.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Friday, July 11th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from CF Bankshares's previous quarterly dividend of $0.07. The ex-dividend date is Friday, July 11th. CF Bankshares's dividend payout ratio is 14.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhino Investment Partners Inc purchased a new stake in CF Bankshares in the 4th quarter worth approximately $5,557,000. Truffle Hound Capital LLC raised its holdings in shares of CF Bankshares by 8.2% during the first quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company's stock worth $1,907,000 after acquiring an additional 6,520 shares in the last quarter. Kennedy Capital Management LLC boosted its position in CF Bankshares by 17.0% during the fourth quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company's stock valued at $1,111,000 after purchasing an additional 6,309 shares during the last quarter. Geode Capital Management LLC boosted its position in CF Bankshares by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company's stock valued at $991,000 after purchasing an additional 1,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CF Bankshares by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company's stock valued at $733,000 after purchasing an additional 2,961 shares in 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.