Wall Street Zen Upgrades CF Bankshares (NASDAQ:CFBK) to Buy

CF Bankshares (NASDAQ:CFBK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Piper Sandler set a $29.00 price target on CF Bankshares and gave the company an “overweight” rating in a report on Wednesday, May 21st.

CF Bankshares Stock Performance

CFBK opened at $23.74 on Friday. The business’s 50 day moving average is $22.98 and its 200-day moving average is $23.64. The stock has a market cap of $123.92 million, a PE ratio of 11.52 and a beta of 0.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. CF Bankshares has a twelve month low of $16.92 and a twelve month high of $31.17.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share for the quarter. CF Bankshares had a return on equity of 8.25% and a net margin of 10.72%.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFBK. Northern Trust Corp bought a new position in shares of CF Bankshares in the fourth quarter valued at $486,000. Millennium Management LLC bought a new position in shares of CF Bankshares in the fourth quarter valued at $395,000. Geode Capital Management LLC increased its holdings in shares of CF Bankshares by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company’s stock valued at $991,000 after buying an additional 1,448 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of CF Bankshares in the fourth quarter valued at $251,000. Finally, 683 Capital Management LLC bought a new position in shares of CF Bankshares in the fourth quarter valued at $340,000. Institutional investors own 41.06% of the company’s stock.

CF Bankshares Company Profile

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.