CF Bankshares (NASDAQ:CFBK) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

CF Bankshares (NASDAQ:CFBK) announced its quarterly earnings data on Thursday. The savings and loans company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12, Zacks reports. CF Bankshares had a net margin of 12.78% and a return on equity of 9.23%.

CF Bankshares Stock Performance

CFBK traded up $0.73 during midday trading on Thursday, hitting $32.25. 151,537 shares of the company were exchanged, compared to its average volume of 56,905. The company’s 50 day simple moving average is $26.29 and its 200 day simple moving average is $24.77. The firm has a market capitalization of $205.34 million, a price-to-earnings ratio of 12.95 and a beta of 0.42. CF Bankshares has a 1-year low of $19.22 and a 1-year high of $32.93. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Thursday, January 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.36 annualized dividend and a yield of 1.1%. This is an increase from CF Bankshares’s previous quarterly dividend of $0.08. CF Bankshares’s payout ratio is 14.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of CF Bankshares from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c+)” rating on shares of CF Bankshares in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, CF Bankshares has an average rating of “Hold” and a consensus price target of $29.00.

Institutional Trading of CF Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of CFBK. Alliancebernstein L.P. lifted its holdings in CF Bankshares by 5.7% in the third quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock valued at $11,071,000 after acquiring an additional 24,775 shares during the period. Geode Capital Management LLC increased its holdings in shares of CF Bankshares by 108.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after purchasing an additional 44,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CF Bankshares by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 45,718 shares of the savings and loans company’s stock valued at $1,095,000 after purchasing an additional 1,303 shares during the period. Bridgeway Capital Management LLC boosted its holdings in CF Bankshares by 18.2% during the third quarter. Bridgeway Capital Management LLC now owns 32,029 shares of the savings and loans company’s stock worth $767,000 after buying an additional 4,932 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in CF Bankshares by 182.7% during the third quarter. Citadel Advisors LLC now owns 24,888 shares of the savings and loans company’s stock worth $596,000 after buying an additional 16,085 shares in the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

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.