CF Bankshares Inc. (CFBK) To Go Ex-Dividend on October 9th

CF Bankshares Inc. (NASDAQ:CFBK) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, October 12th will be given a dividend of $0.09 per share by the savings and loans company on Tuesday, October 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, October 9th.

CF Bankshares has raised its dividend by an average of 0.6%annually over the last three years and has increased its dividend every year for the last 4 years. CF Bankshares has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 1.6%

Shares of CFBK stock opened at $34.42 on Friday. The stock’s 50-day simple moving average is $35.07 and its 200-day simple moving average is $31.48. CF Bankshares has a fifty-two week low of $22.10 and a fifty-two week high of $38.11. The firm has a market capitalization of $220.84 million, a PE ratio of 11.83 and a beta of 0.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.14.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. The company had revenue of $16.55 million for the quarter, compared to the consensus estimate of $16.30 million. Equities analysts expect that CF Bankshares will post 3.56 earnings per share for the current year.

About CF Bankshares

CF Bankshares Inc is the bank holding company for CFBank, a nationally chartered community bank headquartered in Columbus, Ohio. Through CFBank, the company provides banking services to individuals, businesses and commercial real estate clients.

CFBank’s products and services include checking and savings accounts, certificates of deposit, commercial and residential real estate lending, construction loans, business loans, consumer loans and mortgage banking. The bank also offers treasury management and other deposit and cash-management services designed to support business customers.

CFBank primarily serves customers in Ohio, with a focus on the Columbus and surrounding central Ohio markets as well as other communities served through its banking offices and lending operations.