CF Bankshares (NASDAQ:CFBK) Rating Increased to Buy at Wall Street Zen

Key Points

• CF Bankshares has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen in their latest research report.
• Piper Sandler has set a target price of $29.00 for CF Bankshares, assigning the stock an "overweight" rating.
• In recent earnings, CF Bankshares reported $0.77 earnings per share, exceeding expectations, and achieved a net margin of 14.20% with a revenue of $15.58 million.

Wall Street Zen upgraded shares of CF Bankshares (NASDAQ:CFBK - Free Report) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

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

CF Bankshares Price Performance

CFBK stock traded down $0.14 on Friday, hitting $24.97. 5,741 shares of the company's stock traded hands, compared to its average volume of 19,837. CF Bankshares has a 1-year low of $19.22 and a 1-year high of $31.17. The stock has a fifty day moving average of $23.86 and a 200-day moving average of $23.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The stock has a market cap of $144.05 million, a price-to-earnings ratio of 8.99 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The savings and loans company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $15.58 million for the quarter, compared to analyst estimates of $14.73 million. CF Bankshares had a net margin of 14.20% and a return on equity of 10.44%.

CF Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 11th. This is a positive change from CF Bankshares's previous quarterly dividend of $0.07. CF Bankshares's payout ratio is 11.51%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Rhino Investment Partners Inc bought a new stake in CF Bankshares during the 4th quarter worth about $5,557,000. Graham Capital Wealth Management LLC increased its holdings in CF Bankshares by 0.5% during the second quarter. Graham Capital Wealth Management LLC now owns 145,515 shares of the savings and loans company's stock worth $3,488,000 after buying an additional 698 shares during the last quarter. Truffle Hound Capital LLC increased its holdings in CF Bankshares by 8.2% during the first quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company's stock worth $1,907,000 after buying an additional 6,520 shares during the last quarter. Geode Capital Management LLC increased its holdings in CF Bankshares by 108.4% during the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company's stock worth $2,072,000 after buying an additional 44,963 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in 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 buying an additional 6,309 shares during the last quarter. Institutional investors 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.