Wall Street Zen Upgrades CF Bankshares (NASDAQ:CFBK) to "Buy"

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.

CF Bankshares (NASDAQ:CFBK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Sunday.

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

CF Bankshares Stock Performance

CFBK opened at $23.97 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average price of $23.80 and a 200 day moving average price of $23.27. CF Bankshares has a 1 year low of $19.22 and a 1 year high of $31.17. The stock has a market cap of $125.12 million, a P/E ratio of 8.62 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its earnings results on Monday, August 4th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. CF Bankshares had a net margin of 14.20% and a return on equity of 10.58%. The firm had revenue of $15.58 million during the quarter, compared to analysts' expectations of $14.73 million.

Hedge Funds Weigh In On CF Bankshares

A number of large investors have recently added to or reduced their stakes in CFBK. Citadel Advisors LLC acquired a new position in CF Bankshares during the fourth quarter worth $251,000. Jane Street Group LLC acquired a new position in CF Bankshares during the first quarter worth $263,000. 683 Capital Management LLC acquired a new position in CF Bankshares during the fourth quarter worth $340,000. Millennium Management LLC acquired a new position in CF Bankshares during the fourth quarter worth $395,000. Finally, Goldman Sachs Group Inc. raised its position in CF Bankshares by 30.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company's stock worth $463,000 after acquiring an additional 4,910 shares during the period. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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