CF Bankshares Inc. (NASDAQ:CFBK) Declares Quarterly Dividend of $0.09

CF Bankshares Inc. (NASDAQ:CFBK) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be paid 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, July 13th.

CF Bankshares has raised its dividend payment by an average of 0.6%annually 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% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ CFBK opened at $32.90 on Thursday. The company has a 50 day simple moving average of $29.15 and a 200-day simple moving average of $28.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market capitalization of $211.25 million, a price-to-earnings ratio of 11.83 and a beta of 0.39. CF Bankshares has a 52-week low of $22.10 and a 52-week high of $34.33.

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

Wall Street Analyst Weigh In

CFBK has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $36.00 price target (up from $33.50) on shares of CF Bankshares in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

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.