Strs Ohio Acquires 20,000 Shares of CF Bankshares Inc. $CFBK

Strs Ohio boosted its holdings in CF Bankshares Inc. (NASDAQ:CFBK) by 909.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,200 shares of the savings and loans company’s stock after acquiring an additional 20,000 shares during the quarter. Strs Ohio owned 0.35% of CF Bankshares worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Krilogy Financial LLC increased its stake in CF Bankshares by 34.5% in the fourth quarter. Krilogy Financial LLC now owns 15,732 shares of the savings and loans company’s stock valued at $393,000 after acquiring an additional 4,034 shares during the period. Daytona Street Capital LLC bought a new stake in CF Bankshares in the fourth quarter valued at about $3,752,000. Graham Capital Wealth Management LLC increased its stake in CF Bankshares by 6.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 152,885 shares of the savings and loans company’s stock valued at $3,814,000 after acquiring an additional 9,491 shares during the period. Everhart Financial Group Inc. bought a new stake in CF Bankshares in the fourth quarter valued at about $227,000. Finally, NewEdge Advisors LLC bought a new stake in CF Bankshares in the third quarter valued at about $321,000. Institutional investors own 41.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 3rd. Piper Sandler raised their price objective on shares of CF Bankshares from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.00.

CF Bankshares Price Performance

CFBK opened at $27.43 on Friday. CF Bankshares Inc. has a one year low of $22.10 and a one year high of $34.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.14 and a quick ratio of 1.13. The company’s 50 day simple moving average is $28.90 and its 200-day simple moving average is $27.17. The stock has a market capitalization of $176.10 million, a P/E ratio of 9.87 and a beta of 0.43.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). CF Bankshares had a net margin of 14.37% and a return on equity of 9.98%. The company had revenue of $14.81 million for the quarter, compared to the consensus estimate of $16.40 million. Sell-side analysts anticipate that CF Bankshares Inc. will post 3.66 earnings per share for the current fiscal year.

CF Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, April 13th. CF Bankshares’s dividend payout ratio is 12.95%.

CF Bankshares 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.