CF Bankshares (NASDAQ:CFBK) Downgraded to Hold Rating by Wall Street Zen

CF Bankshares (NASDAQ:CFBK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Separately, Piper Sandler set a $29.00 target price on CF Bankshares and gave the company an "overweight" rating in a report on Wednesday, May 21st.

CF Bankshares Price Performance

NASDAQ:CFBK traded down $0.04 during trading hours on Friday, reaching $23.82. 11,631 shares of the company traded hands, compared to its average volume of 14,277. The firm's 50-day moving average is $22.67 and its 200-day moving average is $23.75. The stock has a market cap of $124.34 million, a P/E ratio of 11.56 and a beta of 0.42. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. CF Bankshares has a 1-year low of $16.92 and a 1-year high of $31.17.

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 8.25% and a net margin of 10.72%.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds have recently made changes to their positions in the business. Rhino Investment Partners Inc acquired a new stake in shares of CF Bankshares during the fourth quarter worth $5,557,000. Truffle Hound Capital LLC boosted its holdings in CF Bankshares by 8.2% in the first quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company's stock valued at $1,907,000 after acquiring an additional 6,520 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in shares of 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 worth $1,111,000 after purchasing an additional 6,309 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $991,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CF Bankshares by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company's stock worth $733,000 after purchasing an additional 2,961 shares in the last quarter. Institutional investors and hedge funds own 41.06% of the company's stock.

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.