Piper Sandler Initiates Coverage on CF Bankshares (NASDAQ:CFBK)

Key Points

• Piper Sandler initiated coverage with an "Overweight" rating and a $34 price target, implying about a 21.3% upside from the prior close.
• Weiss Ratings upgraded CF Bankshares to a "buy" and the consensus among analysts is a "Moderate Buy" with a $34 consensus target, after the company beat quarterly EPS estimates ($0.88 vs. $0.76).
• Shares trade near $28, the company has a market cap of $180.3M and a P/E of 10.4, a 52‑week range of $19.22–$34.33, and roughly 41% of the stock is held by institutional investors.

Piper Sandler initiated coverage on shares of CF Bankshares (NASDAQ:CFBK - Get Free Report) in a note issued to investors on Thursday. The brokerage set an "overweight" rating and a $34.00 price target on the savings and loans company's stock. Piper Sandler's target price would indicate a potential upside of 21.34% from the company's previous close.

Separately, Weiss Ratings raised CF Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CF Bankshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

CF Bankshares Trading Up 0.4%

CFBK opened at $28.02 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.14 and a quick ratio of 1.13. CF Bankshares has a fifty-two week low of $19.22 and a fifty-two week high of $34.33. The company's 50 day moving average price is $29.83 and its two-hundred day moving average price is $26.32. The firm has a market capitalization of $180.28 million, a price-to-earnings ratio of 10.42 and a beta of 0.40.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $15.75 million during the quarter, compared to the consensus estimate of $15.94 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%.

Hedge Funds Weigh In On CF Bankshares

A number of hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its holdings in CF Bankshares by 1.7% in the second quarter. Bridgeway Capital Management LLC now owns 27,097 shares of the savings and loans company's stock valued at $650,000 after buying an additional 441 shares during the period. CWM LLC acquired a new stake in CF Bankshares during the 3rd quarter worth about $29,000. Russell Investments Group Ltd. bought a new position in shares of CF Bankshares in the 3rd quarter worth about $29,000. Dimensional Fund Advisors LP lifted its stake in shares of CF Bankshares by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 45,718 shares of the savings and loans company's stock valued at $1,095,000 after purchasing an additional 1,303 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of CF Bankshares by 1,305.7% in the 2nd 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 during the period. Institutional investors own 41.06% of the company's stock.

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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