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; construction and land loans; and consumer loans, such as home equity lines of credit, home improvement loans, and loans secured by deposits and purchased loans, as well as other loans. In addition, the company provides Internet and mobile banking, remote deposit, and treasury management depository services. As of December 31, 2021, it operated five branch offices located in Franklin, Cuyahoga, Hamilton, and Summit counties, Ohio; and a loan production office located in Franklin County, Ohio. The company was formerly known as Central Federal Corporation and changed its name to CF Bankshares Inc. in July 2020. CF Bankshares Inc. was founded in 1892 and is based in Worthington, Ohio.
CF Bankshares Stock Performance
CFBK Stock opened at $21.17 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $112.05 million, a price-to-earnings ratio of 7.84 and a beta of 0.63. CF Bankshares has a 12 month low of $18.60 and a 12 month high of $23.99. The firm has a 50 day moving average of $20.73 and a two-hundred day moving average of $21.13.
CF Bankshares (NASDAQ:CFBK - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The savings and loans company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. CF Bankshares had a net margin of 30.15% and a return on equity of 13.96%. The business had revenue of $12.35 million during the quarter, compared to analysts' expectations of $12.00 million. As a group, equities analysts anticipate that CF Bankshares will post 2.89 EPS for the current fiscal year.
CF Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Friday, July 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from CF Bankshares's previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, July 14th. CF Bankshares's payout ratio is presently 7.41%.