CF Bankshares (NASDAQ:CFBK) Share Price Passes Above 50 Day Moving Average – Should You Sell?

CF Bankshares Inc. (NASDAQ:CFBK)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $28.40 and traded as high as $31.98. CF Bankshares shares last traded at $30.53, with a volume of 52,861 shares changing hands.

Analyst Ratings Changes

CFBK has been the topic of several analyst reports. Wall Street Zen cut CF Bankshares from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Bankshares in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.00.

CF Bankshares Stock Performance

The stock has a market capitalization of $194.48 million, a PE ratio of 11.35 and a beta of 0.42. The business’s 50 day moving average is $28.40 and its 200 day moving average is $25.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Thursday, February 5th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. CF Bankshares had a net margin of 13.82% and a return on equity of 9.87%. The business had revenue of $10.54 million during the quarter, compared to the consensus estimate of $15.94 million.

CF Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Thursday, January 15th were given a $0.09 dividend. This is a boost from CF Bankshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.36 annualized dividend and a yield of 1.2%. CF Bankshares’s dividend payout ratio is currently 13.38%.

Institutional Trading of CF Bankshares

A number of large investors have recently made changes to their positions in CFBK. Hillsdale Investment Management Inc. purchased a new position in shares of CF Bankshares during the second quarter worth approximately $278,000. Fourthstone LLC boosted its holdings in shares of CF Bankshares by 450.2% in the second quarter. Fourthstone LLC now owns 421,191 shares of the savings and loans company’s stock valued at $10,096,000 after purchasing an additional 344,642 shares during the period. Graham Capital Wealth Management LLC grew its stake in CF Bankshares by 0.5% in 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 purchasing an additional 698 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in CF Bankshares during the 2nd quarter worth $44,000. Finally, Bank of America Corp DE raised its position in CF Bankshares by 1,305.7% during 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 in the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

CF Bankshares Company Profile

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.