CF Bankshares (NASDAQ:CFBK) Releases Earnings Results, Beats Expectations By $0.01 EPS

CF Bankshares (NASDAQ:CFBK) released its earnings results on Tuesday. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01, Zacks reports. CF Bankshares had a return on equity of 10.24% and a net margin of 15.10%.The company had revenue of $16.55 million for the quarter, compared to analyst estimates of $16.30 million.

CF Bankshares Price Performance

NASDAQ CFBK traded down $0.39 during trading on Thursday, hitting $35.92. 36,136 shares of the company’s stock were exchanged, compared to its average volume of 55,971. The company has a market cap of $230.64 million, a PE ratio of 12.35 and a beta of 0.39. 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 has a fifty-two week low of $22.10 and a fifty-two week high of $36.94. The stock’s 50 day moving average price is $31.04 and its two-hundred day moving average price is $29.80.

CF Bankshares Announces Dividend

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

Hedge Funds Weigh In On CF Bankshares

A number of institutional investors have recently added to or reduced their stakes in CFBK. Fourthstone LLC grew its stake in shares of CF Bankshares by 6.4% during the fourth quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock worth $15,832,000 after buying an additional 38,259 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of 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 valued at $11,071,000 after acquiring an additional 24,775 shares in the last quarter. First Manhattan CO. LLC. boosted its holdings in shares of CF Bankshares by 5.6% during the 4th quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock valued at $4,666,000 after acquiring an additional 10,000 shares in the last quarter. Geode Capital Management LLC grew its position in CF Bankshares by 14.3% during the 4th quarter. Geode Capital Management LLC now owns 99,447 shares of the savings and loans company’s stock worth $2,481,000 after acquiring an additional 12,416 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in CF Bankshares by 54.6% during the 4th quarter. Renaissance Technologies LLC now owns 86,079 shares of the savings and loans company’s stock worth $2,148,000 after acquiring an additional 30,400 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFBK has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $40.00 target price (up from $36.00) on shares of CF Bankshares in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CF Bankshares presently has an average rating of “Moderate Buy” and an average price target of $40.00.

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.