CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.33 and traded as high as $23.67. CF Bankshares shares last traded at $23.36, with a volume of 20,923 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CFBK. Wall Street Zen upgraded shares of CF Bankshares from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Piper Sandler set a $29.00 target price on shares of CF Bankshares and gave the company an "overweight" rating in a research note on Wednesday, May 21st.
Read Our Latest Stock Analysis on CF Bankshares
CF Bankshares Stock Performance
The business has a 50-day moving average of $23.51 and a 200 day moving average of $23.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $123.24 million, a PE ratio of 10.40 and a beta of 0.42.
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 net margin of 11.67% and a return on equity of 8.71%.
CF Bankshares Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 14th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, April 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.19%. CF Bankshares's dividend payout ratio is currently 12.33%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CFBK. Cutter & CO Brokerage Inc. purchased a new stake in shares of CF Bankshares in the 4th quarter worth $219,000. Citadel Advisors LLC purchased a new stake in CF Bankshares in the fourth quarter worth about $251,000. Jane Street Group LLC bought a new position in shares of CF Bankshares in the first quarter worth about $263,000. 683 Capital Management LLC purchased a new position in shares of CF Bankshares during the 4th quarter valued at about $340,000. Finally, Millennium Management LLC bought a new position in shares of CF Bankshares during the 4th quarter valued at approximately $395,000. Hedge funds and other 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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