CF Bankshares (NASDAQ:CFBK) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of CF Bankshares Inc. (NASDAQ:CFBK) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.34 and traded as low as $27.28. CF Bankshares shares last traded at $27.41, with a volume of 25,019 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Piper Sandler lowered their target price on shares of CF Bankshares from $34.00 to $33.50 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CF Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

CF Bankshares Stock Up 0.7%

The company’s 50 day moving average price is $28.45 and its two-hundred day moving average price is $27.34. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The stock has a market cap of $175.97 million, a P/E ratio of 9.86 and a beta of 0.43.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings data on Tuesday, May 5th. The savings and loans company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). CF Bankshares had a return on equity of 9.86% and a net margin of 14.37%.The business had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.40 million. Equities analysts forecast that CF Bankshares Inc. will post 3.62 earnings per share for the current year.

CF Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, April 13th. CF Bankshares’s dividend payout ratio is 12.95%.

Hedge Funds Weigh In On CF Bankshares

Institutional investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC bought a new position in shares of CF Bankshares in the 3rd quarter worth approximately $1,330,000. Daytona Street Capital LLC bought a new position in shares of CF Bankshares in the 4th quarter worth approximately $3,752,000. Strs Ohio lifted its stake in shares of CF Bankshares by 909.1% in the 4th quarter. Strs Ohio now owns 22,200 shares of the savings and loans company’s stock worth $554,000 after purchasing an additional 20,000 shares during the period. Panagora Asset Management Inc. bought a new position in shares of CF Bankshares in the 4th quarter worth approximately $227,000. Finally, Bank of America Corp DE raised its stake in CF Bankshares by 96.5% during the 3rd quarter. Bank of America Corp DE now owns 3,398 shares of the savings and loans company’s stock worth $81,000 after acquiring an additional 1,669 shares during the period. Institutional investors own 41.06% of the company’s stock.

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.