CF Bankshares (NASDAQ:CFBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CF Bankshares (NASDAQ:CFBK) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on CFBK. Piper Sandler restated an “overweight” rating and set a $40.00 price target (up from $36.00) on shares of CF Bankshares in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a report on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, CF Bankshares has a consensus rating of “Buy” and an average price target of $40.00.

CF Bankshares Stock Up 2.5%

Shares of CFBK stock opened at $35.00 on Friday. The stock has a market cap of $224.70 million, a P/E ratio of 10.12 and a beta of 0.43. CF Bankshares has a 52 week low of $22.10 and a 52 week high of $38.11. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $34.49 and its two-hundred day simple moving average is $31.51.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. CF Bankshares had a return on equity of 11.92% and a net margin of 18.08%. The firm had revenue of $16.71 million during the quarter, compared to analyst estimates of $16.80 million. Analysts predict that CF Bankshares will post 3.57 EPS for the current fiscal year.

CF Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Monday, October 12th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, October 9th. CF Bankshares’s dividend payout ratio is currently 10.40%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of CF Bankshares during the second quarter valued at approximately $12,378,000. Rhino Investment Partners Inc purchased a new position in shares of CF Bankshares during the first quarter valued at $3,499,000. Renaissance Technologies LLC raised its holdings in shares of CF Bankshares by 9.8% in the first quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company’s stock valued at $2,637,000 after acquiring an additional 8,400 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CF Bankshares by 48.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company’s stock valued at $2,571,000 after acquiring an additional 30,045 shares in the last quarter. Finally, De Lisle Partners LLP purchased a new stake in CF Bankshares in the second quarter worth about $1,350,000. Institutional investors own 41.06% of the company’s stock.

About CF Bankshares

CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.

The bank’s offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.

CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.