CF Bankshares Inc. $CFBK Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in CF Bankshares Inc. (NASDAQ:CFBK) by 48.4% during the first quarter, Holdings Channel.com reports. The fund owned 92,122 shares of the savings and loans company’s stock after acquiring an additional 30,045 shares during the period. Dimensional Fund Advisors LP’s holdings in CF Bankshares were worth $2,571,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CFBK. Russell Investments Group Ltd. acquired a new position in shares of CF Bankshares in the 3rd quarter worth approximately $29,000. Bank of America Corp DE increased its holdings in CF Bankshares by 1,305.7% in 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 purchasing an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in CF Bankshares in the 2nd quarter valued at approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in CF Bankshares in the 2nd quarter valued at approximately $50,000. Finally, BNP Paribas Financial Markets raised its position in 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 valued at $59,000 after purchasing an additional 1,862 shares during the period. 41.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFBK has been the topic of a number of research reports. Weiss Ratings restated 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 $40.00 price objective (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.00.

CF Bankshares Trading Up 1.0%

Shares of CFBK stock opened at $36.13 on Friday. CF Bankshares Inc. has a fifty-two week low of $22.10 and a fifty-two week high of $36.94. The company has a 50 day moving average price of $32.66 and a 200 day moving average price of $30.40. The stock has a market capitalization of $231.95 million, a P/E ratio of 12.42 and a beta of 0.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.14.

CF Bankshares (NASDAQ:CFBK) last released its earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $16.55 million for the quarter, compared to analyst estimates of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.24%. Equities research analysts predict that CF Bankshares Inc. will post 3.56 EPS for the current fiscal year.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, July 13th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.37%.

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.