CF Bankshares Inc. (NASDAQ:CFBK) Declares Quarterly Dividend of $0.06

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) announced a quarterly dividend on Monday, April 8th, Zacks reports. Shareholders of record on Thursday, April 18th will be given a dividend of 0.06 per share by the savings and loans company on Monday, April 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, April 17th.

CF Bankshares has decreased its dividend payment by an average of 45.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

CF Bankshares Trading Down 0.8 %

Shares of NASDAQ CFBK traded down $0.16 during trading hours on Tuesday, hitting $18.81. The company's stock had a trading volume of 519 shares, compared to its average volume of 6,781. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $95.55 million, a price-to-earnings ratio of 7.21 and a beta of 0.52. CF Bankshares has a 12 month low of $14.69 and a 12 month high of $22.00. The business has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $18.72.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its earnings results on Wednesday, February 7th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 11.34% and a net margin of 15.08%. The company had revenue of $12.79 million for the quarter.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of CF Bankshares from a "c+" rating to a "b-" rating in a report on Tuesday, January 30th.

Institutional Trading of CF Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in CF Bankshares by 5.2% in the second quarter. BlackRock Inc. now owns 13,380 shares of the savings and loans company's stock worth $201,000 after buying an additional 656 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of CF Bankshares by 6.4% during the fourth quarter. Renaissance Technologies LLC now owns 11,704 shares of the savings and loans company's stock valued at $248,000 after purchasing an additional 704 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CF Bankshares by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 21,939 shares of the savings and loans company's stock valued at $333,000 after purchasing an additional 846 shares during the last quarter. UBS Group AG purchased a new position in shares of CF Bankshares during the third quarter valued at approximately $27,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of CF Bankshares by 65.9% during the second quarter. Wells Fargo & Company MN now owns 4,449 shares of the savings and loans company's stock valued at $67,000 after purchasing an additional 1,768 shares during the last quarter. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Bankshares Company Profile

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 also 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.