Rhino Investment Partners Inc Invests $3.50 Million in CF Bankshares Inc. $CFBK

Rhino Investment Partners Inc purchased a new stake in shares of CF Bankshares Inc. (NASDAQ:CFBK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 125,377 shares of the savings and loans company’s stock, valued at approximately $3,499,000.

Several other institutional investors also recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in CF Bankshares in the 3rd quarter worth about $29,000. Bank of America Corp DE lifted its stake in CF Bankshares by 1,305.7% during the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock valued at $41,000 after acquiring an additional 1,606 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of CF Bankshares during the 2nd quarter valued at about $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of CF Bankshares during the 2nd quarter valued at about $50,000. Finally, BNP Paribas Financial Markets grew its stake in shares of CF Bankshares by 307.8% in the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after acquiring an additional 1,862 shares during the period. 41.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CFBK shares. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a report on Friday, June 12th. Piper Sandler restated an “overweight” rating and issued a $36.00 price target (up from $33.50) on shares of CF Bankshares in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

CF Bankshares Stock Performance

NASDAQ:CFBK opened at $36.06 on Wednesday. The stock has a 50-day moving average price of $30.86 and a 200 day moving average price of $29.73. The stock has a market capitalization of $231.51 million, a P/E ratio of 12.97 and a beta of 0.39. CF Bankshares Inc. has a 12-month low of $22.10 and a 12-month high of $36.95. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly 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 return on equity of 9.86% and a net margin of 14.37%.The company had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $16.30 million. Equities research analysts forecast that CF Bankshares Inc. will post 3.62 EPS for the current fiscal year.

CF Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, July 13th. CF Bankshares’s payout ratio is 12.95%.

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.