CF Bankshares Inc. (CFBK) to Distribute Quarterly Dividend of $0.09 on July 21st

CF Bankshares Inc. (NASDAQ:CFBK) declared a quarterly dividend on Wednesday, July 1st. Investors of record on Monday, July 13th will be given a dividend of 0.09 per share by the savings and loans company on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, July 13th.

CF Bankshares has raised its dividend by an average of 0.6%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. CF Bankshares has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CF Bankshares to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 8.6%.

CF Bankshares Stock Performance

Shares of CFBK opened at $31.84 on Friday. The company has a market capitalization of $204.41 million, a PE ratio of 11.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 1.13. CF Bankshares has a one year low of $22.10 and a one year high of $34.33. The company’s fifty day moving average price is $29.19 and its 200 day moving average price is $28.81.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The firm had revenue of $14.81 million for the quarter, compared to the consensus estimate of $16.40 million. CF Bankshares had a net margin of 14.37% and a return on equity of 9.86%. As a group, analysts expect that CF Bankshares will post 3.62 earnings per share for the current year.

About CF Bankshares

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.