CF Bankshares (NASDAQ:CFBK) Issues Quarterly Earnings Results

Key Points

• CF Bankshares reported quarterly EPS of $0.91, matching analysts’ consensus estimate. The company posted a 10.10% return on equity and a 15.10% net margin.
• Shares rose to $35.03, while the stock’s 12-month range was $22.10 to $38.11. CF Bankshares has a market capitalization of approximately $224.8 million and a P/E ratio of 12.04.
• The company paid a quarterly dividend of $0.09 per share, equivalent to $0.36 annually and a 1.0% yield. Analysts maintained a consensus “Buy” rating with a $40 price target.

CF Bankshares (NASDAQ:CFBK - Get Free Report) announced its quarterly earnings results on Tuesday. The savings and loans company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91, Zacks reports. CF Bankshares had a return on equity of 10.10% and a net margin of 15.10%.

CF Bankshares Stock Performance

CFBK traded up $0.69 on Tuesday, reaching $35.03. The stock had a trading volume of 4,130 shares, compared to its average volume of 51,081. The business's 50-day moving average price is $34.54 and its two-hundred day moving average price is $31.31. The company has a market cap of $224.76 million, a P/E ratio of 12.04 and a beta of 0.43. CF Bankshares has a 12-month low of $22.10 and a 12-month high of $38.11. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59.

CF Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Monday, October 12th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. CF Bankshares's payout ratio is presently 12.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CFBK shares. Piper Sandler restated an "overweight" rating and issued a $40.00 target price (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CF Bankshares in a report on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, CF Bankshares currently has a consensus rating of "Buy" and a consensus target price of $40.00.

CF Bankshares Company Profile

CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.

The bank's offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.

CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.

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