Segall Bryant & Hamill LLC Acquires New Position in CF Bankshares Inc. $CFBK

Segall Bryant & Hamill LLC bought a new position in CF Bankshares Inc. (NASDAQ:CFBK) in the third quarter, according to its most recent filing with the SEC. The firm bought 55,516 shares of the savings and loans company’s stock, valued at approximately $1,330,000.

Several other large investors also recently bought and sold shares of the stock. CWM LLC purchased a new position in shares of CF Bankshares in the third quarter worth $29,000. Bank of America Corp DE increased its holdings in CF Bankshares by 1,305.7% in the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,606 shares during the period. JPMorgan Chase & Co. acquired a new position in CF Bankshares in the 2nd quarter worth approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in CF Bankshares during the 2nd quarter worth approximately $50,000. Finally, New York State Common Retirement Fund acquired a new stake in CF Bankshares during the 2nd quarter valued at approximately $103,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CFBK shares. Weiss Ratings raised shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen downgraded shares of CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

CF Bankshares Stock Down 1.2%

CF Bankshares stock opened at $29.28 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $186.51 million, a PE ratio of 10.88 and a beta of 0.40. The business has a 50 day simple moving average of $29.18 and a 200-day simple moving average of $25.86. CF Bankshares Inc. has a 12 month low of $19.22 and a 12 month high of $34.33.

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

CF Bankshares Increases Dividend

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

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.