CF Bankshares (NASDAQ:CFBK) Coverage Initiated by Analysts at Piper Sandler

Analysts at Piper Sandler began coverage on shares of CF Bankshares (NASDAQ:CFBK) in a research report issued to clients and investors on Thursday. The firm set an “overweight” rating and a $34.00 price target on the savings and loans company’s stock. Piper Sandler’s price target would indicate a potential upside of 21.34% from the company’s current price.

Separately, Weiss Ratings raised shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CF Bankshares presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CF Bankshares Stock Performance

Shares of CFBK stock opened at $28.02 on Thursday. The company has a market cap of $180.28 million, a price-to-earnings ratio of 10.42 and a beta of 0.40. CF Bankshares has a 52 week low of $19.22 and a 52 week high of $34.33. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $29.83 and a 200-day moving average of $26.32.

CF Bankshares (NASDAQ:CFBK) last released 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. The company had revenue of $15.75 million for the quarter, compared to the consensus estimate of $15.94 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fourthstone LLC lifted its position in CF Bankshares by 6.4% in the 4th quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock valued at $15,832,000 after acquiring an additional 38,259 shares in the last quarter. Alliancebernstein L.P. increased its holdings in CF Bankshares by 5.7% during the 3rd quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock worth $11,071,000 after purchasing an additional 24,775 shares in the last quarter. First Manhattan CO. LLC. raised its stake in shares of CF Bankshares by 5.6% in the fourth quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock worth $4,666,000 after purchasing an additional 10,000 shares during the last quarter. Graham Capital Wealth Management LLC raised its stake in shares of CF Bankshares by 6.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 152,885 shares of the savings and loans company’s stock worth $3,814,000 after purchasing an additional 9,491 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new position in shares of CF Bankshares in the fourth quarter valued at approximately $3,752,000. 41.06% of the stock is owned by institutional investors.

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.