CF Bankshares Inc. $CFBK Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its CF Bankshares stake by 48.4% in the first quarter, owning 92,122 shares valued at approximately $2.57 million. Institutional investors and hedge funds collectively own 41.06% of the company.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $40 price target. Piper Sandler raised its target from $36 to $40, while CF Bankshares recently traded at $36.13.
• CF Bankshares exceeded quarterly expectations with earnings of $0.90 per share versus a $0.89 estimate and revenue of $16.55 million. The company also paid a quarterly dividend of $0.09 per share, representing a 1.0% annualized yield.

Dimensional Fund Advisors LP lifted its holdings in CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 48.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,122 shares of the savings and loans company's stock after buying an additional 30,045 shares during the period. Dimensional Fund Advisors LP owned approximately 1.43% of CF Bankshares worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of CF Bankshares during the 3rd quarter worth approximately $29,000. Bank of America Corp DE grew its position in shares of CF Bankshares by 1,305.7% in the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company's stock valued at $41,000 after purchasing an additional 1,606 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of CF Bankshares in the second quarter valued at approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of CF Bankshares in the second quarter valued at approximately $50,000. Finally, BNP Paribas Financial Markets lifted its position in CF Bankshares by 307.8% during the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company's stock worth $59,000 after buying an additional 1,862 shares in the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CFBK. Weiss Ratings reissued a "buy (b)" rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler reaffirmed 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.00.

CF Bankshares Stock Up 1.0%

CFBK stock opened at $36.13 on Friday. CF Bankshares Inc. has a one year low of $22.10 and a one year high of $36.94. The firm has a market cap of $231.95 million, a PE ratio of 12.42 and a beta of 0.39. The firm's 50 day moving average price is $32.66 and its 200-day moving average price is $30.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.14.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $16.55 million during the quarter, compared to analyst estimates of $16.30 million. CF Bankshares had a return on equity of 10.24% and a net margin of 15.10%. On average, equities research analysts anticipate that CF Bankshares Inc. will post 3.56 EPS for the current year.

CF Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, July 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. CF Bankshares's dividend payout ratio is currently 12.37%.

About CF Bankshares

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company's offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.

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